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Journal of Agricultural and Applied Economics >
Volume 36, Number 02, August 2004 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/43423
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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
fishing capacity
fishing permits
latent permits
marine fisheries
vessel decommissioning schemes |
| JEL Codes: | Q22
Q28 |
| 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. |
| URI: | http://purl.umn.edu/43423 |
| 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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| Larkin2 JAAE August 2004.pdf | | 828Kb | PDF | View/Open |
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