REVENUE RISK AND FISHERY CHOICE WITH LINEAR-EXPONENTIAL UTILITY: AN APPLICATION TO BERING SEA/ALEUTIAN ISLANDS TRAWL FISHERIES
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A discrete choice model of 1991-96 trawl groundfish fishery participation in the Bering Sea/Aleutian Islands region is developed and estimated. The model fits well, with strong risk and seasonal effects. Notably, the model uses routinely-collected data, suggesting this type of analysis can be a regular part of the management process.