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| Author: | Haynie, A.C. Layton, D.F. |
| Title: | An expected profit model for monetizing fishing location choices |
| Journal: | Journal of Environmental Economics and Management
2010 : MAR, VOL. 59:2, p. 165-176 |
| Index terms: | mathematical models fishing industry estimation costs distribution USA |
| Language: | eng |
| Abstract: | We develop and discuss the properties of a new type of discrete choice model which jointly estimates the expected value of catch and location selection. The model implicitly monetizes location choices and can be used to forecast costs and effort redistribution of creating marine protected areas and of implementing other policy changes, either increasing travel costs or altering expected revenue. We demonstrate our approach by discussing the closure of the Steller sea lion conservation area in the United States Bering Sea to pollock fishing. |
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