Advanced Search
MyIDEAS: Login to save this article or follow this journal

An expected profit model for monetizing fishing location choices

Contents:

Author Info

  • C. Haynie, Alan
  • F. Layton, David
Registered author(s):

    Abstract

    We develop and analyze the properties of a new type of discrete choice model which jointly estimates the expected value of catch and location choice. This model implicitly monetizes location choices and can be used to predict costs and effort redistribution of creating marine protected areas or of implementing other policy changes that either increase travel costs or alter expected revenue. We illustrate our approach by considering the closing of the Steller sea lion conservation area in the United States Bering Sea to pollock fishing.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.sciencedirect.com/science/article/B6WJ6-4XVBP2J-1/2/6f53d66d2dad85b3fd7cfe6dcc6d208b
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

    Volume (Year): 59 (2010)
    Issue (Month): 2 (March)
    Pages: 165-176

    as in new window
    Handle: RePEc:eee:jeeman:v:59:y:2010:i:2:p:165-176

    Contact details of provider:
    Web page: http://www.elsevier.com/locate/inca/622870

    Related research

    Keywords: Discrete choice Fisheries Location choice Marine protected areas Cost estimation Discrete-continuous models;

    References

    References listed on IDEAS
    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.:
    as in new window
    1. Rita Curtis & Robert L. Hicks, 2000. "The Cost of Sea Turtle Preservation: The Case of Hawaii's Pelagic Longliners," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 82(5), pages 1191-1197.
    2. Daniel S. Holland & Jon G. Sutinen, 2000. "Location Choice in New England Trawl Fisheries: Old Habits Die Hard," Land Economics, University of Wisconsin Press, University of Wisconsin Press, vol. 76(1), pages 133-149.
    3. Smith, Martin D., 2005. "State dependence and heterogeneity in fishing location choice," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 50(2), pages 319-340, September.
    4. Robert L. Hicks & Kurt E. Schnier, 2006. "Dynamic Random Utility Modeling: A Monte Carlo Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 88(4), pages 816-835.
    5. David Layton & S. Lee, 2006. "Embracing Model Uncertainty: Strategies for Response Pooling and Model Averaging," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 34(1), pages 51-85, 05.
    6. 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, Elsevier, vol. 10(2), pages 125-137, June.
    7. Hicks, Robert L. & Schnier, Kurt E., 2008. "Eco-labeling and dolphin avoidance: A dynamic model of tuna fishing in the Eastern Tropical Pacific," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 56(2), pages 103-116, September.
    8. Sanchirico, James N. & Wilen, James E., 2001. "A Bioeconomic Model of Marine Reserve Creation," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 42(3), pages 257-276, November.
    9. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 68(4), pages 715-19, November.
    10. Morey, Edward R., 1986. "A generalized harvest function for fishing: Allocating effort among common property cod stocks (A generalized harvest function)," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 13(1), pages 30-49, March.
    11. Duncan, Gregory M, 1980. "Formulation and Statistical Analysis of the Mixed, Continuous/Discrete Dependent Variable Model in Classical Production Theory," Econometrica, Econometric Society, Econometric Society, vol. 48(4), pages 839-52, May.
    12. Smith, Martin D. & Wilen, James E., 2003. "Economic impacts of marine reserves: the importance of spatial behavior," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 46(2), pages 183-206, September.
    13. Hanemann, W Michael, 1984. "Discrete-Continuous Models of Consumer Demand," Econometrica, Econometric Society, Econometric Society, vol. 52(3), pages 541-61, May.
    14. Morey, Edward R. & Waldman, Donald M., 1998. "Measurement Error in Recreation Demand Models: The Joint Estimation of Participation, Site Choice, and Site Characteristics," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 35(3), pages 262-276, May.
    15. Johan A. Mistiaen & Ivar E. Strand, 2000. "Location Choice of Commercial Fishermen with Heterogeneous Risk Preferences," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 82(5), pages 1184-1190.
    16. Englin, Jeffrey & Lambert, David & Shaw, W. Douglass, 1997. "A Structural Equations Approach to Modeling Consumptive Recreation Demand," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 33(1), pages 33-43, May.
    17. Morey, Edward R. & Waldman, Donald M., 2000. "Joint Estimation of Catch and Other Travel-Cost Parameters--Some Further Thoughts," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 40(1), pages 82-85, July.
    18. Cicchetti, Charles J & Dubin, Jeffrey A, 1994. "A Microeconometric Analysis of Risk Aversion and the Decision to Self-Insure," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 102(1), pages 169-86, February.
    19. Train, Kenneth & McFadden, Daniel & Johnson, Reed, 2000. "Discussion of Morey and Waldman's "Measurement Error in Recreation Demand Models"," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 40(1), pages 76-81, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Veyssiere, Luc Pierre & Weninger, Quinn, 2009. "Fishing Behavior Across Space and Time," Staff General Research Papers, Iowa State University, Department of Economics 31848, Iowa State University, Department of Economics.
    2. Abbott, Joshua K. & Wilen, James E., 2011. "Dissecting the tragedy: A spatial model of behavior in the commons," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 62(3), pages 386-401.
    3. Junjie Zhang & Martin Smith, 2011. "Heterogeneous Response to Marine Reserve Formation: A Sorting Model approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 49(3), pages 311-325, July.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:59:y:2010:i:2:p:165-176. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.