Exit and entry of fishing vessels: an evaluation of factors affecting investment decisions in the North Sea English beam trawl fleet
| Autor: | Alex Tidd, Laurence T. Kell, Trevor Hutton, Gurpreet Padda |
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| Rok vydání: | 2011 |
| Předmět: |
0106 biological sciences
Discrete choice Ecology Operations research Natural resource economics 010604 marine biology & hydrobiology 05 social sciences Fishing Aquatic Science Oceanography 01 natural sciences Profit (economics) Nuclear decommissioning Investment decisions 0502 economics and business Revenue 14. Life underwater Business 050207 economics Ecology Evolution Behavior and Systematics Stock (geology) Cost database |
| Zdroj: | ICES Journal of Marine Science. 68:961-971 |
| ISSN: | 1095-9289 1054-3139 |
| DOI: | 10.1093/icesjms/fsr015 |
| Popis: | Tidd, A. N., Hutton, T., Kell, L. T., and Padda, G. 2011. Exit and entry of fishing vessels: an evaluation of factors affecting investment decisions in the North Sea English beam trawl fleet. – ICES Journal of Marine Science, 68: 961–971. A profitable fishery attracts additional effort (vessels enter), eventually leading to overcapacity and less profit. Similarly, fishing vessels exit depending on their economic viability (or reduced expectations of future benefits) or encouraged by schemes such as decommissioning grants and/or when there is consolidation of fishing effort within a tradable rights-based quota system (e.g. individual transferable quotas). The strategic decision-making behaviour of fishers in entering or exiting the English North Sea beam trawl fishery is analysed using a discrete choice model by integrating data on vessel characteristics with available cost data, decommissioning grant information, and other factors that potentially influence anticipated benefits or future risks. It is then possible to predict whether operators choose to enter, stay, exit, or decommission. Important factors affecting investment include vessel age and size, future revenues, operating costs (e.g. fuel), stock status of the main target species, and the impact of management measures (e.g. total allowable catches) and total fleet size (a proxy for congestion). Based on the results, the predicted marginal effects of each factor are presented and the impact of each is discussed in the context of policies developed to align fleet capacity with fishing opportunities. |
| Databáze: | OpenAIRE |
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