Testing theoretical explanations for investment behaviour in the Dutch beam trawler fishery in the North Sea

Frank Jensen*, Christian Elleby, Katell G. Hamon, Jos op de Weegh

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)2233-2248
JournalApplied Economics
Volume51
Issue number21
Early online date30 Nov 2018
DOIs
Publication statusPublished - 2019

Keywords

  • conventional fishing
  • Fisheries
  • investments
  • pulse fishing

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  • Projects

    BENTHIS: Benthic ecosystem fisheries Impact Study

    1/10/1230/09/17

    Project: EU research project

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