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Testing Theoretical Explanations for Investment Behaviour in the Dutch Beam Trawler Fishery in the North Sea

Frank Jensen (), Christian Elleby (), Katell G. Hamon () and Jos op de Weegh ()
Additional contact information
Frank Jensen: Department of Food and Resource Economics, University of Copenhagen
Katell G. Hamon: Wageningen Economic Research
Jos op de Weegh: Wageningen Economic Research

No 2018/04, IFRO Working Paper from University of Copenhagen, Department of Food and Resource Economics

Abstract: In this study, we investigate whether 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.

Keywords: Fisheries; Investments; Conventional Fishing; Pulse Fishing (search for similar items in EconPapers)
JEL-codes: Q22 Q55 C23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur
Date: 2018-05
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Journal Article: Testing theoretical explanations for investment behaviour in the Dutch beam trawler fishery in the North Sea (2019) Downloads
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