Eggert, Håkan; Tveteras, Ragnar - In: American Journal of Agricultural Economics 86 (2004) 1, pp. 199-212
We present a model of fishers' gear choice, which allows for heterogeneity both in production technology and risk preferences and apply it on a panel of Swedish trawlers. Stochastic revenue functions are estimated and used to predict the mean and standard deviation of revenue for each trip. In a...
