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Location Choice Behavior of Gulf of Mexico Shrimpers under Dynamic Economic Conditions

Published online by Cambridge University Press:  26 January 2015

Tao Ran ,
Walter R. Keithly  and
Richard F. Kazmierczak
Tao Ran
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University, Baton Rouge, LA
Walter R. Keithly
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University, Baton Rouge, LA
Richard F. Kazmierczak
Affiliation:
Center for Natural Resource Economics and Policy, Louisiana State University, Baton Rouge, LA
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Abstract

This study uses a mixed logit model to analyze monetary and nonmonetary factors that influence location choice behavior of the U.S. Gulf of Mexico shrimpers. Shrimpers' responses to economic conditions are compared and contrasted for two periods related to changing economic conditions in the industry. Results show that even though shrimpers are generally revenue driven in choosing a fishing site, their past experience also plays an important role. Further, changes in economic conditions appear to exhibit an influence on the risk attitudes of some shrimpers.

Keywords

location choiceloyaltymixed Logitrisk averseshrimp fisheryQ2L2
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 43 , Issue 1 , February 2011 , pp. 29 - 42
Copyright
Copyright © Southern Agricultural Economics Association 2011

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