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1 June 2011 Investment Behaviour and Capacity Adjustment in Fisheries: A Survey of the Literature
LINDA NØSTBAKKEN
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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.

JEL Classification Code: Q22

LINDA NØSTBAKKEN "Investment Behaviour and Capacity Adjustment in Fisheries: A Survey of the Literature," Marine Resource Economics 26(2), 95-117, (1 June 2011). https://doi.org/10.5950/0738-1360-26.2.95
Published: 1 June 2011
JOURNAL ARTICLE
23 PAGES

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KEYWORDS
capacity
capital adjustment
fisheries
Investment
ITQs
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