Behavioral Response to Stock Abundance in Exploiting Common-Pool Resources: The Fishery

The B.E. Journal of Economic Analysis and Policy, Forthcoming

36 Pages Posted: 15 Nov 2007 Last revised: 15 Mar 2015

See all articles by Junjie Zhang

Junjie Zhang

Duke Kunshan University; Duke University

Date Written: August 4, 2010

Abstract

Fisheries management must manage people in order to manage fish. In this sense, understanding fishing behavior is the cornerstone of effective fisheries policy. However, the latency of fish stocks is a major obstacle in empirical studies. This paper addresses this challenge by deriving a stock index from a heterogeneous production function. We use the imputed stock proxy in a count data model that describes fishing trip frequency, which is an indicator of anthropogenic fishing pressure. In the empirical study of the reef-fish fishery in the northeastern Gulf of Mexico, we find that the popular method that uses catch rate as a stock proxy significantly underestimates fishermen's responses to stock changes. This result suggests that policy predictions based on the traditional method are overly optimistic.

Keywords: fishing behavior, latent variable, panel data

JEL Classification: Q22, C33

Suggested Citation

Zhang, Junjie, Behavioral Response to Stock Abundance in Exploiting Common-Pool Resources: The Fishery (August 4, 2010). The B.E. Journal of Economic Analysis and Policy, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1029711 or http://dx.doi.org/10.2139/ssrn.1029711

Junjie Zhang (Contact Author)

Duke Kunshan University ( email )

No. 8 Duke Avenue
Kunshan, 215316
China
+86 512 36657068 (Phone)

HOME PAGE: http://junjiezhang.org

Duke University ( email )

No. 8 Duke Avenue
Kunshan, 215316
China
+86 512 36657068 (Phone)

HOME PAGE: http://junjiezhang.org

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