Revenue targeting in fisheries

Article

Nguyen, Q. and Leung, P. 2013. Revenue targeting in fisheries. Environment and Development Economics. 18 (5), pp. 559-575. https://doi.org/10.1017/S1355770X13000144
TypeArticle
TitleRevenue targeting in fisheries
AuthorsNguyen, Q. and Leung, P.
Abstract

We apply the target revenue model, a version of prospect theory, to investigate how fishermen adjust their trip length to changes in daily revenue. The key finding is that certain groups of fishermen seem more likely to behave according to the target revenue model rather than to the standard model of labor supply. We also find that vessel capacity has little effect on whether the captains seek target revenue. The study strongly supports the integration of prospect theory into the framework of labor supply analysis.

PublisherCambridge University Press (CUP)
JournalEnvironment and Development Economics
ISSN1355-770X
Publication dates
PrintOct 2013
Publication process dates
Deposited14 May 2015
Output statusPublished
Accepted author manuscript
License
Copyright Statement

This article has been published in a revised form in Environment and Development Economics http://dx.doi.org/10.1017/S1355770X13000144. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © Cambridge University Press 2013

Digital Object Identifier (DOI)https://doi.org/10.1017/S1355770X13000144
LanguageEnglish
Permalink -

https://repository.mdx.ac.uk/item/85523

Log in to edit

Download files

Accepted author manuscript
EDE Revenue_Targeting_Model EDE 2 May 2013.docx
EDE_Revenue_Targeting_Model_EDE_2_May_2013.pdf
License: CC BY-ND 4.0

  • 48
    total views
  • 29
    total downloads
  • 2
    views this month
  • 4
    downloads this month

Export as

Related outputs

Linking top managers' behavioural traits with business practices and firm performance
Kim, H. and Nguyen, Q. 2023. Linking top managers' behavioural traits with business practices and firm performance. Review of Managerial Science. https://doi.org/10.1007/s11846-023-00714-0
Demystifying the role of information provision in travellers’ satisfaction: Insights from a randomized controlled trial
Nguyen, Q. and Chang, S. 2023. Demystifying the role of information provision in travellers’ satisfaction: Insights from a randomized controlled trial. Journal of Quality Assurance in Hospitality and Tourism. 25 (6), pp. 1827-1852. https://doi.org/10.1080/1528008X.2023.2201695
An exploration on the nexus between managers’ present bias and corporate investment
Kim, H. and Nguyen, Q. 2022. An exploration on the nexus between managers’ present bias and corporate investment. Applied Economics Letters. 29 (2), pp. 150-154. https://doi.org/10.1080/13504851.2020.1861186
Non-financial firms hedging risks in East Asia: the link between financial derivatives use, firm value and exposures to country risks
Kim, T. and Nguyen, Q. 2020. Non-financial firms hedging risks in East Asia: the link between financial derivatives use, firm value and exposures to country risks. in: Goutte, S. and Nguyen, D. (ed.) Handbook of Energy Finance: Theories, Practices and Simulations World Scientific Publishing Co. Pte Ltd. pp. 595-650
Are time preference and risk preference associated with cognitive intelligence and emotional intelligence?
Ackert, L., Deaves, R., Miele, J. and Nguyen, Q. 2020. Are time preference and risk preference associated with cognitive intelligence and emotional intelligence? Journal of Behavioral Finance. 21 (2), pp. 136-156. https://doi.org/10.1080/15427560.2019.1663850
Promoting adoption of management practices from the outside: insights from a randomized field experiment
Nguyen, Q. and Kim, T. 2019. Promoting adoption of management practices from the outside: insights from a randomized field experiment. Journal of Operations Management. 65 (1), pp. 48-61. https://doi.org/10.1016/j.jom.2018.11.001
Policy uncertainty, derivatives use, and firm-level FDI
Nguyen, Q., Kim, T. and Papanastassiou, M. 2018. Policy uncertainty, derivatives use, and firm-level FDI. Journal of International Business Studies. 49 (1), pp. 96-126. https://doi.org/10.1057/s41267-017-0090-z
Do natural disasters open a window of opportunity for corruption?
Nguyen, Q. 2017. Do natural disasters open a window of opportunity for corruption? The Journal of Development Studies. 53 (1), pp. 156-172. https://doi.org/10.1080/00220388.2016.1187724
Risk and time preferences: linking experimental and household survey data from Vietnam
Tanaka, T., Camerer, C. and Nguyen, Q. 2016. Risk and time preferences: linking experimental and household survey data from Vietnam. in: Ikeda, S., Kato, H., Ohtake, F. and Tsutsui, Y. (ed.) Behavioral Economics of Preferences, Choices, and Happiness Springer, Tokyo. pp. 3-25
Trust under the prospect theory and quasi-hyperbolic preferences: a field experiment in Vietnam
Nguyen, Q., Villeval, M. and Xu, H. 2016. Trust under the prospect theory and quasi-hyperbolic preferences: a field experiment in Vietnam. Economic Development and Cultural Change. 64 (3), pp. 545-572. https://doi.org/10.1086/685434
Linking loss aversion and present bias with overspending behaviour of tourists: insights from a lab-in-the-field experiment
Nguyen, Q. 2016. Linking loss aversion and present bias with overspending behaviour of tourists: insights from a lab-in-the-field experiment. Tourism Management. 54, pp. 152-159. https://doi.org/10.1016/j.tourman.2015.09.019
Does nurture matter: theory and experimental investigation on the effect of working environment on risk and time preferences
Nguyen, Q. 2011. Does nurture matter: theory and experimental investigation on the effect of working environment on risk and time preferences. Journal of Risk and Uncertainty. 43 (3), pp. 245-270. https://doi.org/10.1007/s11166-011-9130-4
Risk and time preferences: linking experimental and household survey data from Vietnam
Tanaka, T., Camerer, C. and Nguyen, Q. 2010. Risk and time preferences: linking experimental and household survey data from Vietnam. American Economic Review. 100 (1), pp. 557-571. https://doi.org/10.1257/aer.100.1.557
Do fishermen have different attitudes toward risk? An application of prospect theory to the study of Vietnamese fishermen
Nguyen, Q. and Leung, P. 2009. Do fishermen have different attitudes toward risk? An application of prospect theory to the study of Vietnamese fishermen. Journal of Agricultural and Resource Economics. 34 (3), pp. 518-538.
Choice of remuneration regime in fisheries: the case of Hawaii’s longline fisheries
Nguyen, Q. and Leung, P. 2009. Choice of remuneration regime in fisheries: the case of Hawaii’s longline fisheries. Journal of Agricultural and Resource Economics. 34 (3), pp. 498-517.