Revenue targeting in fisheries

We apply the target revenue model, a version of prospect theory, to investigate how fishermen adjust their trip length to changes in daily revenue. The key finding is that certain groups of fishermen seem more likely to behave according to the target revenue model rather than to the standard model o...

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Main Authors:	Nguyen, Quang, Leung, Pingsun
Other Authors:	School of Humanities and Social Sciences
Format:	Article
Language:	English
Published:	2014
Subjects:	DRNTU::Social sciences::Economic development
Online Access:	https://hdl.handle.net/10356/101603 http://hdl.handle.net/10220/24210
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Institution:	Nanyang Technological University
Language:	English

id	sg-ntu-dr.10356-101603
record_format	dspace
spelling	sg-ntu-dr.10356-1016032020-03-07T12:10:41Z Revenue targeting in fisheries Nguyen, Quang Leung, Pingsun School of Humanities and Social Sciences DRNTU::Social sciences::Economic development We apply the target revenue model, a version of prospect theory, to investigate how fishermen adjust their trip length to changes in daily revenue. The key finding is that certain groups of fishermen seem more likely to behave according to the target revenue model rather than to the standard model of labor supply. We also find that vessel capacity has little effect on whether the captains seek target revenue. The study strongly supports the integration of prospect theory into the framework of labor supply analysis. Published version 2014-11-10T07:52:24Z 2019-12-06T20:41:13Z 2014-11-10T07:52:24Z 2019-12-06T20:41:13Z 2013 2013 Journal Article Nguyen, Q., & Leung, P. (2013). Revenue targeting in fisheries. Environment and development economics, 18(05), 559-575. 1355-770X https://hdl.handle.net/10356/101603 http://hdl.handle.net/10220/24210 10.1017/S1355770X13000144 en Environment and development economics © 2013 Cambridge University Press. This paper was published in Environment and Development Economics and is made available as an electronic reprint (preprint) with permission of Cambridge University Press. The paper can be found at the following official DOI: http://dx.doi.org/10.1017/S1355770X13000144. One print or electronic copy may be made for personal use only. Systematic or multiple reproduction, distribution to multiple locations via electronic or other means, duplication of any material in this paper for a fee or for commercial purposes, or modification of the content of the paper is prohibited and is subject to penalties under law. 18 p. application/pdf
institution	Nanyang Technological University
building	NTU Library
country	Singapore
collection	DR-NTU
language	English
topic	DRNTU::Social sciences::Economic development
spellingShingle	DRNTU::Social sciences::Economic development Nguyen, Quang Leung, Pingsun Revenue targeting in fisheries
description	We apply the target revenue model, a version of prospect theory, to investigate how fishermen adjust their trip length to changes in daily revenue. The key finding is that certain groups of fishermen seem more likely to behave according to the target revenue model rather than to the standard model of labor supply. We also find that vessel capacity has little effect on whether the captains seek target revenue. The study strongly supports the integration of prospect theory into the framework of labor supply analysis.
author2	School of Humanities and Social Sciences
author_facet	School of Humanities and Social Sciences Nguyen, Quang Leung, Pingsun
format	Article
author	Nguyen, Quang Leung, Pingsun
author_sort	Nguyen, Quang
title	Revenue targeting in fisheries
title_short	Revenue targeting in fisheries
title_full	Revenue targeting in fisheries
title_fullStr	Revenue targeting in fisheries
title_full_unstemmed	Revenue targeting in fisheries
title_sort	revenue targeting in fisheries
publishDate	2014
url	https://hdl.handle.net/10356/101603 http://hdl.handle.net/10220/24210
_version_	1681042593675214848

Revenue targeting in fisheries

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