Stochastic Production and Heterogeneous Risk Preferences: Commercial Fishers' Gear Choices
Stochastic Production and Heterogeneous Risk Preferences: Commercial Fishers' Gear Choices
复制标题
随机生产和异质风险偏好：商业渔民的渔具选择
DOI：
10.1111/j.0092-5853.2004.00572.x
复制
发表时间：
2004
影响因子：
4.2
通讯作者：
Ragnar Tveterås
中科院分区：
文献类型：
--
作者：
H. Eggert;Ragnar Tveterås
We present a model of fishers' gear choice, which allows for heterogeneity both in production technology and risk preferences and apply it on a panel of Swedish trawlers. Stochastic revenue functions are estimated and used to predict the mean and standard deviation of revenue for each trip. In a random-parameters logit model, we test if these predicted values explain gear choice. A majority of fishers respond positively to increased mean and negatively to increased variability of expected landing values, indicating risk aversion, but also show a strong tendency to choose the same gear used on the previous trip.
