Revenue targeting in fisheries

• 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
• Institution: Nanyang Technological University

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...