Investment Behaviour and Capacity Adjustment in Fisheries: A Survey of the Literature

Type Article
Date 2011
Language English
Author(s) Nostbakken Linda1, 2, Thebaud OlivierORCID3, 4, Sorensen Lars-Christian5
Affiliation(s) 1 : Univ Alberta, Alberta Sch Business, Edmonton, AB T6G 2R6, Canada
2 : SNF, Inst Res Econ & Business Adm, Bergen, Norway
3 : CSIRO Marine & Atmospher Res, Brisbane, Qld 4001, Australia
4 : Ifremer Ctr Brest, UMR AMURE, Brest, France
5 : Univ Copenhagen, Inst Food & Res Econ FOI, DK-1958 Frederiksberg C, Denmark
Source Marine Resource Economics (0738-1360) (MRE Foundation, Inc.), 2011 , Vol. 26 , N. 2 , P. 95-117
WOS© Times Cited 35
Abstract This article provides a survey of the economic literature on investment behaviour and capacity adjustment in fisheries. An overview of the existing theoretical and the empirical work is provided, and areas that require more work are pointed out. The survey shows that while a large body of theoretical work has been developed on the issue of capital adjustment in fisheries, relatively less attention has been granted to the theory of investment, where this becomes a separate decision to the decision about capital levels: i.e., where capital is quasi-malleable. In addition, empirical studies have been fairly limited, and more work is still needed to analyse and further investigate these issues in practical situations. There is particularly a need for more empirical studies of investment behaviour and drivers of investment behaviour at the firm level based on adequate economic data.
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Nostbakken Linda, Thebaud Olivier, Sorensen Lars-Christian (2011). Investment Behaviour and Capacity Adjustment in Fisheries: A Survey of the Literature. Marine Resource Economics, 26(2), 95-117. Open Access version :