Willingness to Participate and Bids in a Fishing Vessel Buyout Program: A Case Study of New England Groundfish

Autor:	Eric Thunberg, Andrew W. Kitts, John C. Robertson
Rok vydání:	2000
Předmět:	Finance Economics and Econometrics Actuarial science New england business.industry Geography Planning and Development Fishing Economics Groundfish Management Monitoring Policy and Law Oceanography business Two stages
Zdroj:	Marine Resource Economics. 15:221-232
ISSN:	2334-5985 0738-1360
DOI:	10.1086/mre.15.3.42629303
Popis:	An experimental fishing vessel buyout program was initiated in 1995 to remove vessels from the Northeast United States groundfish fishery. Information provided by the applicants to this program was used to evaluate the likely participation and potential cost of an expanded buyout initiative. This paper describes the pilot buyout program and the econometric procedures used to forecast participation and bids at various levels of program spending. Program participation and bid levels were modeled in two stages using participation and bid functions. The expanded buyout program, completed in April 1998, provided a unique opportunity to evaluate initial participation and cost forecasts. Methods used in this study are also applicable to modeling other fishery related economic decisions, such as the trading of individual transferable quota shares.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::6e455f3beeadd641af7b2f67d1346c7c https://doi.org/10.1086/mre.15.3.42629303 Zobrazit plný text záznamu Plný text ve formátu PDF