This study uses a mixed logit model to analyze monetary and nonmonetary
factors that influence location choice behavior of the U.S. Gulf of Mexico
shrimpers. Shrimpers' responses to economic conditions are compared and
contrasted for two periods related to changing economic conditions in the
industry. Results show that even though shrimpers are generally revenue
driven in choosing a fishing site, their past experience also plays an
important role. Further, changes in economic conditions appear to exhibit an
influence on the risk attitudes of some shrimpers.
