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Behavioral Response to Stock Abundance in Exploiting Common-Pool Resources

Listed author(s):
  • Zhang Junjie

    ()

    (University of California, San Diego)

Successful regulation of common-pool resources calls for a better understanding of resource exploitation behavior. This paper introduces an approach that can measure fishermen's responsiveness to stock changes more accurately. In order to deal with the challenge of the latent fish stock, I adopt the method proposed by Zhang and Smith (2011) that derives a stock index from a heterogeneous production function. I use the imputed stock proxy in a count data model that describes fishing trip frequency. By these two steps, I can estimate the stock elasticity of fishing mortality. In the empirical study of the reef-fish fishery in the northeastern Gulf of Mexico, I find that the popular method that uses catch rate as a stock proxy significantly underestimates fishermen's responses to stock changes. This result suggests that policy predictions based on the traditional method are overly optimistic.

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File URL: https://www.degruyter.com/view/j/bejeap.2011.11.issue-1/bejeap.2011.11.1.2856/bejeap.2011.11.1.2856.xml?format=INT
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Article provided by De Gruyter in its journal The B.E. Journal of Economic Analysis & Policy.

Volume (Year): 11 (2011)
Issue (Month): 1 (August)
Pages: 1-27

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Handle: RePEc:bpj:bejeap:v:11:y:2011:i:1:n:52
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  1. Hausman, Jerry A. & Leonard, Gregory K. & McFadden, Daniel, 1995. "A utility-consistent, combined discrete choice and count data model Assessing recreational use losses due to natural resource damage," Journal of Public Economics, Elsevier, vol. 56(1), pages 1-30, January.
  2. Edward R. Morey & Robert D. Rowe & Michael Watson, 1993. "A Repeated Nested-Logit Model of Atlantic Salmon Fishing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 578-592.
  3. Wallace, IF & Lindner, RK & Dole, DD, 1998. "Evaluating stock and catchability trends: Annual average catch per unit effort is an inadequate indicator of stock and catchability trends in fisheries," Marine Policy, Elsevier, vol. 22(1), pages 45-55, January.
  4. Brander, James A & Taylor, M Scott, 1998. "The Simple Economics of Easter Island: A Ricardo-Malthus Model of Renewable Resource Use," American Economic Review, American Economic Association, vol. 88(1), pages 119-138, March.
  5. Timmins, Christopher & Murdock, Jennifer, 2007. "A revealed preference approach to the measurement of congestion in travel cost models," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 230-249, March.
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