Testing theoretical explanations for investment behaviour in the Dutch beam trawler fishery in the North Sea
Katell G. Hamon and
Jos op de Weegh
Applied Economics, 2019, vol. 51, issue 21, 2233-2248
In this study, we investigate whether the neoclassical economic theory, capital market frictions or preference-based theory can explain investment behaviour in the Dutch beam trawler fishery in the North Sea. By presenting a number of estimations, we show that vessels conducting pulse fishing invest substantially more than similar vessels undertaking conventional fishing, even after controlling for differences in such variables as capital stock, prices, profits and quotas. One possible explanation for this result is that vessel owners may obtain a separate benefit from investing in pulse fishing.
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Working Paper: Testing Theoretical Explanations for Investment Behaviour in the Dutch Beam Trawler Fishery in the North Sea (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:51:y:2019:i:21:p:2233-2248
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