Download This PaperStructural Behavioral Models for Rights-Based Fisheries
48 Pages Posted: 19 May 2020 Last revised: 21 Oct 2020
Date Written: January 10, 2020
Abstract
Rights-based management is prevalent in today's developed-world fisheries, yet spatiotemporal models of fishing behavior do not reflect such institutional settings. We develop a model of spatiotemporal fishing behavior that incorporates the dynamic and general equilibrium elements of catch-share fisheries. We propose an estimation strategy that is able to recover structural behavioral parameters through a nested fixed-point maximum likelihood procedure. We illustrate our modeling approach through a Monte Carlo analysis and demonstrate its importance for predicting out-of-sample counterfactual policies.
Keywords: structural econometrics, rights-based fisheries, discrete choice models
JEL Classification: Q21, C53, C52
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