Testing Theoretical Explanations for Investment Behaviour in the Dutch Beam Trawler Fishery in the North Sea
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Testing Theoretical Explanations for Investment Behaviour in the Dutch Beam Trawler Fishery in the North Sea. / Jensen, Frank; Elleby, Christian; Hamon, Katell G. ; op de Weegh, Jos.
Department of Food and Resource Economics, University of Copenhagen, 2018.Research output: Working paper › Research
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TY - UNPB
T1 - Testing Theoretical Explanations for Investment Behaviour in the Dutch Beam Trawler Fishery in the North Sea
AU - Jensen, Frank
AU - Elleby, Christian
AU - Hamon, Katell G.
AU - op de Weegh, Jos
PY - 2018
Y1 - 2018
N2 - 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.
AB - 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.
M3 - Working paper
T3 - IFRO Working Paper
BT - Testing Theoretical Explanations for Investment Behaviour in the Dutch Beam Trawler Fishery in the North Sea
PB - Department of Food and Resource Economics, University of Copenhagen
ER -
ID: 196405493