IDEAS home Printed from https://ideas.repec.org/p/ags/aaea03/21932.html
   My bibliography  Save this paper

Spatial Search In Commercial Fishing: A Discrete Choice Dynamic Programming Approach

Author

Listed:
  • Smith, Martin D.
  • Provencher, Bill

Abstract

We specify a discrete choice dynamic programming model of commercial fishing participation and location choices. This approach allows us to examine how fishermen collect information about resource abundance and whether their behavior is forward-looking.

Suggested Citation

  • Smith, Martin D. & Provencher, Bill, 2003. "Spatial Search In Commercial Fishing: A Discrete Choice Dynamic Programming Approach," 2003 Annual meeting, July 27-30, Montreal, Canada 21932, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21932
    DOI: 10.22004/ag.econ.21932
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/21932/files/sp03sm01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.21932?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Douglas M. Larson & William R. Sutton & Joseph M. Terry, 1999. "Toward Behavioral Modeling Of Alaska Groundfish Fisheries: A Discrete Choice Approach To Bering Sea/Aleutian Islands Trawl Fisheries," Contemporary Economic Policy, Western Economic Association International, vol. 17(2), pages 267-277, April.
    2. Tülin Erdem & Michael P. Keane, 1996. "Decision-Making Under Uncertainty: Capturing Dynamic Brand Choice Processes in Turbulent Consumer Goods Markets," Marketing Science, INFORMS, vol. 15(1), pages 1-20.
    3. 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, vol. 82(5), pages 1191-1197.
    4. 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, vol. 82(5), pages 1184-1190.
    5. Martin D. Smith, 2002. "Two Econometric Approaches for Predicting the Spatial Behavior of Renewable Resource Harvesters," Land Economics, University of Wisconsin Press, vol. 78(4), pages 522-538.
    6. Dupont, D.P., 1993. "Price Uncertainty,Expectations Formation and Fishers' Allocation Choice," Working Papers 1993-1, Brock University, Department of Economics.
    7. 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.
    8. Provencher, Bill & Bishop, Richard C., 1997. "An Estimable Dynamic Model of Recreation Behavior with an Application to Great Lakes Angling," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 107-127, June.
    9. Sanchirico, James N. & Wilen, James E., 1999. "Bioeconomics of Spatial Exploitation in a Patchy Environment," Journal of Environmental Economics and Management, Elsevier, vol. 37(2), pages 129-150, March.
    10. Martin D. Smith, 2000. "Spatial Search and Fishing Location Choice: Methodological Challenges of Empirical Modeling," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1198-1206.
    11. 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.
    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, vol. 46(2), pages 183-206, September.
    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


    Cited by:

    1. Robert L. Hicks & Kurt Schnier, 2006. "A Spatial Model of Dolphin Avoidance in the Eastern Tropical Pacific Ocean," Working Papers 25, Department of Economics, College of William and Mary.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Martin Smith & James Wilen, 2005. "Heterogeneous and Correlated Risk Preferences in Commercial Fishermen: The Perfect Storm Dilemma," Journal of Risk and Uncertainty, Springer, vol. 31(1), pages 53-71, July.
    2. Hicks, Robert L. & Schnier, Kurt E., 2006. "A Spatial Model of Dolphin Avoidance in the Eastern Tropical Pacific Ocean," 2006 Annual meeting, July 23-26, Long Beach, CA 21290, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Reimer, Matthew N. & Abbott, Joshua K. & Haynie, Alan C., 2022. "Structural behavioral models for rights-based fisheries," Resource and Energy Economics, Elsevier, vol. 68(C).
    4. 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.
    5. 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.
    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. 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.
    8. Smith, Martin D., 2002. "Renewable Resource Production Surfaces, Bioeconomic Steady States, And Space," 2002 Annual meeting, July 28-31, Long Beach, CA 19729, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Hicks, Robert L. & Holland, Daniel S. & Kuriyama, Peter T. & Schnier, Kurt E., 2020. "Choice sets for spatial discrete choice models in data rich environments," Resource and Energy Economics, Elsevier, vol. 60(C).
    10. Stafford, Tess M., 2018. "Accounting for outside options in discrete choice models: An application to commercial fishing effort," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 159-179.
    11. Hutniczak, Barbara & Münch, Angela, 2018. "Fishermen's location choice under spatio-temporal update of expectations," Journal of choice modelling, Elsevier, vol. 28(C), pages 124-136.
    12. Smith, Martin D. & Sanchirico, James N. & Wilen, James E., 2009. "The economics of spatial-dynamic processes: Applications to renewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 57(1), pages 104-121, January.
    13. Julio Peña Torres & Mabyr Valderrama, 2008. "Fishing Location decisions in the Chilean-Transzonal Jack Mackerel Fishery," ILADES-UAH Working Papers inv217, Universidad Alberto Hurtado/School of Economics and Business.
    14. Haynie, Alan C. & Hicks, Robert L. & Schnier, Kurt E., 2009. "Common property, information, and cooperation: Commercial fishing in the Bering Sea," Ecological Economics, Elsevier, vol. 69(2), pages 406-413, December.
    15. 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.
    16. Sultan, Riad, 2020. "Fishing location choice and risk preferences among small fishers – Implications for fisheries management policies," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 15(2), June.
    17. Hynes, Stephen & Gerritsen, Hans & Breen, Benjamin & Johnson, Mark, 2015. "Fishing site choice modelling using Vessel Monitoring System data," Working Papers 262592, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    18. William C. Horrace & Kurt E. Schnier, 2010. "Fixed-Effect Estimation of Highly Mobile Production Technologies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(5), pages 1432-1445.
    19. Martin D. Smith & Larry B. Crowder, 2011. "Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary," Sustainability, MDPI, vol. 3(11), pages 1-39, November.
    20. Marcoul, Philippe & Weninger, Quinn, 2008. "Search and active learning with correlated information: Empirical evidence from mid-Atlantic clam fishermen," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1921-1948, June.

    More about this item

    Keywords

    Resource/Energy Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea03:21932. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.