Acronym NA
Category
Fisheries
Title Risk, Endogenous Preferences, and Investment Behaviour in Norwegian Fisheries Programme National Programme
Instrument (FP6)
Contact Type (FP7)
Strand (Interreg)
NA
Theme (FP7)
Activity Area (FP6)
Regional Area (Interreg)
Action (COST)
NA
Specific Programme (FP7)
NA
Funding source National Coordinator Linda Nøstbakken Coordinator email linda.nostbakken@ualberta.ca
Coordinator institution
SNF - Institute for Research in Economics and Business Administration (Norway)
Institutions involved
UiO-CEES - University of Oslo; Centre for Ecological and Evolutionary Synthesis (Norway) ,
Start year 2013 End year 2015 Funding (€) € NA Website https://www.mn.uio.no/cees/english/research/projects/421068/ Summary The project centres on risk, endogenous preferences, and investment behaviour in Norwegian fisheries. We combine sociology, economics, and biology in an innovative way to obtain a more holistic view of a problem that is crucial for successful and sustainable management of marine resources: What determines the dynamics of catch capacity and how does this affect fish stocks? Clearly, the question cannot be understood without accounting for the larger natural and social environment of the individuals that make the investment decisions in the fishery. The proposed research is timely for at least two reasons. First, in light of evidence on the impact of humans on marine resources, it is imperative to develop integrated, long term management plans with a solid, research-based foundation. Second, a paradigm shift is coming in the economic profession. After holding tight to the construct of a rational, utility-maximizing agent with stable preferences for many years, recent theoretical and empirical results question this. The project aims to contribute to this growing literature by analysing how the environment shapes risk preferences. The research questions are at the frontier of current economic research, have large implications for resource management, and are important from a Norwegian policy perspective. An excellent interdisciplinary team of young researchers with a proven track record of scientific impact will carry out the project. The project will act as a catalyst by bringing together this group of researchers and by enabling a suite of interviews, experiments, and modelling efforts. The members of the core team come from established centres of marine research, SNF and CEES, and the project will trigger a new era of collaboration between the research groups in Bergen and Oslo. The project holds the clear potential to further strengthen and substantiate Norway's position as a leader in marine ecosystem-related research, a stated objective of the HAVKYST program.
Keywords
Economy;
Sustainability;
Fisheries management;
Marine Region
14
Skagerrak, Kattegat (27.IIIa)
13
Northern North Sea (27.IVa)
41
Norwegian Sea (27.IIa)
3
Marine Region Map
