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Volume 36, Number 02, August 2004 >
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|Title: ||Buyback Programs for Capacity Reduction in the U.S. Atlantic Shark Fishery|
|Authors: ||Larkin, Sherry L.|
Keithly, Walter R., Jr.
Adams, Charles M.
Kazmierczak, Richard F., Jr.
|Keywords: ||buyback programs|
vessel decommissioning schemes
|JEL Codes: ||Q22|
|Issue Date: ||2004-08|
|Abstract: ||Declining fishery stocks, increasing fishing effort and adverse market conditions have produced difficult financial situations for fishermen worldwide. Several high-valued fisheries are considered to be overcapitalized. The purchase and permanent retirement of fishing vessels and/or permits under a buyback program is one approach for reducing fishing capacity. Evidence from previous programs, however, suggests that buybacks are not a panacea for solving overcapacity problems. Whether such programs can help rebuild stocks and improve the financial condition of fleets in any specific fishery depends on a multitude of factors. We consider the potential of a buyback program for the U.S. Atlantic shark fishery.|
|Institution/Association: ||Journal of Agricultural and Applied Economics>Volume 36, Number 02, August 2004|
|Total Pages: ||16|
|From Page: ||317|
|To Page: ||332|
|Collections:||Volume 36, Number 02, August 2004|
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