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Behavioral Response to Stock Abundance in Exploiting Common-Pool Resources


  • 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.

Suggested Citation

  • Zhang Junjie, 2011. "Behavioral Response to Stock Abundance in Exploiting Common-Pool Resources," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-27, August.
  • Handle: RePEc:bpj:bejeap:v:11:y:2011:i:1:n:52

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    References listed on IDEAS

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
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    Cited by:

    1. Eli P. Fenichel & Joshua K. Abbott, 2014. "Natural Capital: From Metaphor to Measurement," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 1-27.
    2. repec:wsi:wepxxx:v:03:y:2017:i:02:n:s2382624x16500089 is not listed on IDEAS
    3. Mu, Quan & Zhang, Junjie, 2014. "Air Pollution and Defensive Expenditures: Evidence from Particulate-Filtering Facemasks," University of California at San Diego, Economics Working Paper Series qt1bz8c9ms, Department of Economics, UC San Diego.

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