Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 543776
Title Testing theoretical explanations for investment behaviour in the Dutch beam trawler fishery in the North Sea
Author(s) Jensen, Frank; Elleby, Christian; Hamon, Katell G.; Weegh, Jos op de
Source Applied Economics (2018). - ISSN 0003-6846
DOI https://doi.org/10.1080/00036846.2018.1540855
Department(s) LEI Performance and Impact Agrosectors
LEI SECT & OND - Prestatie en Perspectief Agrosectoren
Publication type Refereed Article in a scientific journal
Publication year 2018
Keyword(s) conventional fishing - Fisheries - investments - pulse fishing
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.

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