Template-Type: ReDIF-Paper 1.0
Author-Name: Frank Jensen
Author-Name-First: Frank
Author-Name-Last: Jensen
Author-Email: fje@ifro.ku.dk
Author-Workplace-Name: Department of Food and Resource Economics, University of Copenhagen
Author-Name: Christian Elleby
Author-Name-First: Christian
Author-Name-Last: Elleby
Author-Email: christian@ifro.ku.dk
Author-Workplace-Name: Department of Food and Resource Economics, University of Copenhagen
Author-Name: Katell G. Hamon
Author-Name-First: Katell G.
Author-Name-Last: Hamon
Author-Email: katell.hamon@wur.nl
Author-Workplace-Name: Wageningen Economic Research
Author-Name: Jos op de Weegh
Author-Name-First: Jos
Author-Name-Last: op de Weegh
Author-Email: jos.opdeweegh@wur.nl
Author-Workplace-Name: Wageningen Economic Research
Title: Testing Theoretical Explanations for Investment Behaviour in the Dutch Beam Trawler Fishery in the North Sea
Abstract: In this study, we investigate whether neoclassical economic theory, capital market frictions or preference-based theory can explain investment behaviour in the Dutch beam trawler fishery in the North Sea. By presenting a number of estimations, we show that vessels conducting pulse fishing invest substantially more than similar vessels undertaking conventional fishing, even after controlling for differences in such variables as capital stock, prices, profits and quotas. One possible explanation for this result is that vessel owners may obtain a separate benefit from investing in pulse fishing.
Length: 33 pages
Creation-Date: 2018-05
File-URL: http://okonomi.foi.dk/workingpapers/WPpdf/WP2018/IFRO_WP_2018_04.pdf
File-Format: Application/pdf
Number: 2018/04
Classification-JEL: Q22, Q55, C23
Keywords: Fisheries; Investments; Conventional Fishing; Pulse Fishing
Handle: RePEc:foi:wpaper:2018_04