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Marine Resource Economics >
Volume 03, Number 2, 1986 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/47833
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| Title: | Economics of Atlantic Sea Scallop Management |
| Authors: | Wang, Der Hsiung
Goodreau, Louis J.
Mueller, Joseph J. |
| Issue Date: | 1986 |
| Series/Report no.: | Marine Resource Economics
0738-1360 |
| Abstract: | We present a brief discussion of the Atlantic sea scallop fisheries, a 12-equation model, and an evaluation using
the model of management strategies proposed by the New England Fishery Management Council. The demand for sea scallops
at all market levels is price inflexible. Income price flexibility is positive but less than 1 for demand at all market levels. Crossprice flexibility is positive but also less than 1 and is approximately the same for demand at all market levels (between 0.36 and0.37). In general, fishing effort elasticities for each fishing area with
respect to scallop abundance for that area are larger than 1. Effort elasticities with respect to ex-vessel price are 0.42 and 0.32 for the New England fleet's effort to the South Channel and eastern Georges Bank fishing areas, respectively. The partial elasticity of production with respect to inputs is higher for scallop abundance than for fishing effort in all Georges Bank resource areas. Reduction in fishing effort or in meat count would accrue positive benefits to the sea scallop industries and consumers, and the greater the reduction in effort and/or in meat count, the larger the benefits under long-term equilibrium conditions. However, the short-term
economic impacts of the various management strategy scenarios are generally the reverse of the long-term benefits. |
| URI: | http://purl.umn.edu/47833 |
| Identifiers: | 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 03, Number 2, 1986 |
| Total Pages: | 25 |
| From Page: | 111 |
| To Page: | 135 |
| Collections: | Volume 03, Number 2, 1986
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| 8175690.pdf | | 5203Kb | PDF | View/Open |
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