Empirical Models of Fisheries Production

Conflating Technology with Incentives?

Matthew N. Reimer, Joshua Abbott, Alan C. Haynie

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

Conventional empirical models of fisheries production inadequately capture the primary margins of behavior along which fishermen act, rendering them ineffective for ex ante policy evaluation. We estimate a conventional production model for a fishery undergoing a transition to rights-based management and show that ex ante production data alone arrives at misleading conclusions regarding post-rationalization production possibilities- even though the technologies available to fishermen before and after rationalization were effectively unchanged. Our results emphasize the difficulty of assessing the potential impacts of a policy change on the basis of ex ante data alone. Since such data are generated under a different incentive structure than the prospective system, a purely empirical approach imposed upon a flexible functional form is likely to reflect far more about the incentives under status-quo management than the actual technological possibilities under a new policy regime.

Original languageEnglish (US)
Pages (from-to)169-190
Number of pages22
JournalMarine Resource Economics
Volume32
Issue number2
DOIs
StatePublished - Apr 1 2017

Fingerprint

fishery production
fishery
incentive
rationalization
management
policy
Fisheries
Empirical model
Incentives
Production technology
evaluation
Rationalization

Keywords

  • bycatch
  • fisheries
  • hyperbolic distance function
  • Policy evaluation
  • policy invariance
  • production function
  • targeting ability

ASJC Scopus subject areas

  • Oceanography
  • Geography, Planning and Development
  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Cite this

Empirical Models of Fisheries Production : Conflating Technology with Incentives? / Reimer, Matthew N.; Abbott, Joshua; Haynie, Alan C.

In: Marine Resource Economics, Vol. 32, No. 2, 01.04.2017, p. 169-190.

Research output: Contribution to journalArticle

Reimer, Matthew N. ; Abbott, Joshua ; Haynie, Alan C. / Empirical Models of Fisheries Production : Conflating Technology with Incentives?. In: Marine Resource Economics. 2017 ; Vol. 32, No. 2. pp. 169-190.
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