This paper examines the level and determinants of technical efficiency for a sample of domestic longline fishing vessels operating in Hawaii in 1993. The data on per-trip costs and revenues, fishing targets, vessel ownership, experience and education level of fishermen, vessel size, and vessel...

Much debate and subsequent confusion have recently been generated regarding the economic importance of the longline fisheries for tuna and swordfish in Hawaii. Depending on the methodology employed, the measures of the economic importance of these fisheries to Hawaii can vary significantly. This...

One of the most prominent features of remuneration in Hawaii’s longline fisheriesindustry has been the norm of share contract regimes. This paper investigates whether theuse of the share contract regime is positively correlated to increased economic returns.The principal-agent framework is...

Field experiment and household survey data are combined to investigate whether working in a risky occupation such as fishing makes fishermen have different risk preferences than individuals in other occupations. Prospect theory is utilized as the main analytical framework and a structural model...

One of the most prominent features of remuneration in Hawaii’s longline fisheries industry has been the norm of share contract regimes. This paper investigates whether the use of the share contract regime is positively correlated to increased economic returns. The principal-agent...