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An expected profit model for monetizing fishing location choices

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  • C. Haynie, Alan
  • F. Layton, David

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.

Suggested Citation

  • C. Haynie, Alan & F. Layton, David, 2010. "An expected profit model for monetizing fishing location choices," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 165-176, March.
  • Handle: RePEc:eee:jeeman:v:59:y:2010:i:2:p:165-176
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    References listed on IDEAS

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    9. Smith, Martin D., 2005. "State dependence and heterogeneity in fishing location choice," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 319-340, September.
    10. 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, vol. 56(2), pages 103-116, September.
    11. 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, vol. 13(1), pages 30-49, March.
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    14. 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, vol. 40(1), pages 82-85, July.
    15. 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.
    16. 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, vol. 40(1), pages 76-81, July.
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    Citations

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    Cited by:

    1. 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, vol. 62(3), pages 386-401.
    2. Kailin Kroetz & James N. Sanchirico & Daniel K. Lew, 2015. "Efficiency Costs of Social Objectives in Tradable Permit Programs," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(3), pages 339-366.
    3. Joshua K. Abbott & Alan C. Haynie & Matthew N. Reimer, 2015. "Hidden Flexibility: Institutions, Incentives, and the Margins of Selectivity in Fishing," Land Economics, University of Wisconsin Press, vol. 91(1), pages 169-195.
    4. Veyssiere, Luc Pierre & Weninger, Quinn, 2009. "Fishing Behavior Across Space and Time," Staff General Research Papers Archive 31848, Iowa State University, Department of Economics.
    5. repec:eee:jeeman:v:88:y:2018:i:c:p:159-179 is not listed on IDEAS
    6. Junjie Zhang & Martin Smith, 2011. "Heterogeneous Response to Marine Reserve Formation: A Sorting Model approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(3), pages 311-325, July.
    7. repec:eee:jeeman:v:88:y:2018:i:c:p:427-446 is not listed on IDEAS

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