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
JournalEnvironment and Development Economics
ISSN1355-770X
Publication dates
PrintOct 2013
Publication process dates
Deposited14 May 2015
Output statusPublished
Accepted author manuscript
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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
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