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| Smith, Martin D.; Zhang, Junjie. |
| One of the greatest challenges facing empirical fisheries researchers is to endogenize fishing effort in bioeconomic models in a way that accounts for fleet heterogeneity. Such heterogeneity can manifest in a wide range of both observable and unobservable characteristics of fishing vessels and individual fishermen. Without accounting for heterogeneity, we simply have an incomplete understanding of how pressure on fish resources responds to policy instruments that are available, the states of fish stocks, and exogenous shocks to the system. Largely due to data limitations, the discrete choice fisheries literature has focused on modeling unobserved heterogeneity through random parameters. In this paper, we draw on the industrial organization literature on... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9681 |
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