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Marine Resource Economics >
Volume 04, Number 4, 1987 >
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http://purl.umn.edu/48043
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| Title: | An Analysis of the Exvessel Demand for Pacific Halibut |
| Authors: | Lin, Biing-Hwan
Richards, Hugh S.
Terry, Joseph M. |
| Issue Date: | 1987 |
| Series/Report no.: | Marine Resource Economics
Vol. 4 No. 4 |
| Abstract: | Throughout its history the North Pacific halibut fishery has experienced dramatic changes in season length—most recently a greater than tenfold decrease during the last fifteen years. This analysis estimates the effect on exvessel halibut demand of season length by incorporating it with other
more traditional explanatory variables such as landings, cold storage holdings, and prices of substitutes in a price dependent demand analysis. Exvessel demand is found to be price elastic; thus management programs
that increase catch will also increase gross fishing revenues. Cold storage holdings have an inverse relationship to exvessel price. Since the level of cold storage holdings decreases as the fishing season approaches, the date of the first opening will affect the exvessel price. Finally the length of the halibut season does have a positive relationship with exvessel price; management
strategies, such as limited entry, that increase season length will increase
exvessel demand. |
| URI: | http://purl.umn.edu/48043 |
| Identifiers: | 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 04, Number 4, 1987 |
| Total Pages: | 10 |
| From Page: | 305 |
| To Page: | 314 |
| Collections: | Volume 04, Number 4, 1987
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| 8175734.pdf | | 2496Kb | PDF | View/Open |
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