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dc.contributor.authorLiu, Xiaozi
dc.contributor.authorShaw, Daigee
dc.contributor.authorBjørndal, Trond
dc.contributor.authorHeino, Mikko Petteri
dc.date.accessioned2021-05-04T11:27:56Z
dc.date.available2021-05-04T11:27:56Z
dc.date.created2020-10-07T11:54:02Z
dc.date.issued2021
dc.identifier.issn0738-1360
dc.identifier.urihttps://hdl.handle.net/11250/2753484
dc.descriptionUnder embargo until: 2021-12-4en_US
dc.description.abstractSmall-scale fishers’ short-run supply decisions are understudied, often because of data limitations. We utilize a unique dataset of daily catches and prices from a mixed-species trawl fishery in Taiwan, characterized by targeting decisions made before prices are formed. To investigate the effect of expected prices on fishers’ supply decisions, we formulate a vector error correction model in a seemingly unrelated regression system of 11 fish species. We find a price-elastic short-run supply for several species: the maximum daily price elasticity of supply (PES) ranges from 0.4 to 1.1 and is statistically significant for all but one species. The long-run PES (approx. weekly) is >1 for eight species. In contrast, elasticity with respect to wave height is weak (the median short-run elasticity is −0.4). These findings are unexpected for trawl fisheries, which are believed to have low selectivity. Our results highlight the potential that auction markets have to incentivize fishing that emphasizes quality over quantity.en_US
dc.language.isoengen_US
dc.publisherThe University of Chicago Pressen_US
dc.titleThe Day-to-day Supply Responses of a Limited-entry Mixed Fisheryen_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionacceptedVersionen_US
dc.rights.holderCopyright 2020 MRE Foundation, Inc. All rights reserved.en_US
cristin.ispublishedfalse
cristin.fulltextpostprint
cristin.qualitycode1
dc.identifier.doihttps://doi.org/10.1086/711384
dc.identifier.cristin1837874
dc.source.journalMarine Resource Economicsen_US
dc.source.4036
dc.source.141
dc.relation.projectNorges forskningsråd: 288037en_US
dc.relation.projectNorges forskningsråd: 268243en_US
dc.relation.projectNorges forskningsråd: 255530en_US
dc.identifier.citationMarine Resource Economics. 2021, 36(1)en_US
dc.source.volume36en_US
dc.source.issue1en_US


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