The decision to enter or exit a fishery can be expected to depend on the anticipated profitability of operating in
this fishery, as a function of observed vessel performances in previous years. For a vessel exiting a fishery,
there may be several reasons including decommissioning, selling or operating elsewhere. Entry...
A behavioral study on the entry, stay and exit decisions of the fishers in Hawaii's longline fishery was undertaken in a random utility framework by applying the multinomial logit (unordered) model. Pooled annual cross-sectional and time-series (1991-98) data were used. The empirical results confirm that the entry, stay, and exit...