Open-access Fishery Performance When Vessels Use Goal Achievement Behavior
AbstractWhile most bioeconomic models assume that vessel operators use profit maximizing behavior, it is sometimes argued that participants use other operational goals. The purpose of this paper is to compare how vessel behavior, the bioeconomic equilibrium, and the path to achieve it are changed if participants use goal achievement behavior. It is shown that, depending on the operational rule used to achieve the goal, there can be significant differences in the amount of individual vessel effort at different stock sizes, and this can affect the location and the stability of the bioeconomic equilibrium. In addition, goal achievement behavior will generally lead to a larger open-access overshoot in terms of fleet size.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 19 (2004)
Issue (Month): 4 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
profit maximizing behavior; goal achievement behavior; open-access fishery behavior; Resource /Energy Economics and Policy; Q22;
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Parks, Peter J. & Bonifaz, Manuel, 1994. "Nonsustainable Use of Renewable Resources: Mangrove Deforestation and Mariculture in Ecuador," Marine Resource Economics, Marine Resources Foundation, vol. 9(1).
- Daniel S. Holland & Jon G. Sutinen, 2000. "Location Choice in New England Trawl Fisheries: Old Habits Die Hard," Land Economics, University of Wisconsin Press, vol. 76(1), pages 133-149.
- Bockstael, Nancy E. & Opaluch, James J., 1983. "Discrete modelling of supply response under uncertainty: The case of the fishery," Journal of Environmental Economics and Management, Elsevier, vol. 10(2), pages 125-137, June.
- Smith, Martin D. & Zhang, Junjie & Coleman, Felicia C., 2008. "Econometric modeling of fisheries with complex life histories: Avoiding biological management failures," Journal of Environmental Economics and Management, Elsevier, vol. 55(3), pages 265-280, May.
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