Nguyen, Quang; Leung, PinngSun - Volkswirtschaftliche Fakultät, … - 2009
We apply the target revenue model, a version of prospect theory, to investigate how fishermen adjust their trip length … the target revenue model rather than the standard model of labor supply. Asian American captains seem more likely to … behave according to the target revenue model than Caucasian captains. We also find that vessel capacity has little effect on …