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Marine Resource Economics >
Volume 01, Number 4, 1985 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/47536
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| Title: | Harvesting Canadian Fish and Rents: A Partial Review of the Report of the Commission on Canadian Pacific Fisheries Policy |
| Authors: | DeVoretz, Don J.
Schwindt, Richard |
| Issue Date: | 1985 |
| Series/Report no.: | Marine Resource Economics
Vol. 1 No. 4 |
| Abstract: | The Canadian Pacific fisheries currently suffer from excess harvesting capacity. A recent Royal Commission has recommended a joint scheme of royalties on the catch and
a novel license auction plan to alleviate the problem. This paper investigates the impact of these two policies. First, the total royalty revenue is measured and then the royalty incidence across fishermen, processors, and consumers is estimated.
Next, we analyze the license auction scheme to calculate the costs of purchasing the licenses to the fishermen and the net proceeds to the government after the retirement of one-half the fleet under alternative possible selling strategies of fishermen. We conclude that the royalty scheme would finance the retirement of the fleet in 13 years and that the incidence of the royalty would vary greatly across species/gear type. The license auction scheme, in contrast, is a potent policy measure which under several scenarios could fully fund the buy-back program and contribute significantly to public revenue. |
| URI: | http://purl.umn.edu/47536 |
| Identifiers: | 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 01, Number 4, 1985 |
| Total Pages: | 21 |
| From Page: | 347 |
| To Page: | 367 |
| Collections: | Volume 01, Number 4, 1985
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| 8175642.pdf | | 969Kb | PDF | View/Open |
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