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Volume 24, Number 4, 2009 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/94039
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| Title: | Fleet Restructuring, Rent Generation, and the Design of Individual Fishing Quota Programs: Empirical Evidence from the Pacific Coast Groundfish Fishery |
| Authors: | Lian, Carl
Singh, Rajesh
Weninger, Quinn |
| Authors (Email): | Lian, Carl (Carl.Lian@noaa.gov)
Singh, Rajesh (rsingh@iastate.edu)
Weninger, Quinn (weninger@iastate.edu) |
| Keywords: | Individual fishing quotas
scale and technical efficiency
fleet restructuring |
| JEL Codes: | Q2
D24 |
| Issue Date: | 2010-01-15 |
| Series/Report no.: | Marine Resource Economics
MRE 24(4) |
| Abstract: | This article characterizes anticipated changes in fleet structure, vessel harvesting activity, and economic performance in the Pacific Coast groundfish fishery under an individual fishing quota management program. Results suggest that the current fleet of 117 vessels will be reduced by roughly 50%–66% to 40–-60 vessels, resulting in annual cost savings of $18–$22 million (based on 2004 price and cost estimates). However, cost savings could be significantly less if restrictions on quota trading across vessels are incorporated into the program design. Alternative modes of collecting fees to fund program administration and their impact on fleet size and total fishery value are also studied. We conclude that a program of individual fishing quotas, if carefully designed, can be an attractive alternative for management of the Pacific Coast groundfish fishery. |
| URI: | http://purl.umn.edu/94039 |
| Identifiers: | 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 24, Number 4, 2009 |
| Total Pages: | 31 |
| From Page: | 329 |
| To Page: | 359 |
| Collections: | Volume 24, Number 4, 2009
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Files in This Item:
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| 04-WENINGER 24-4 1-12-10.pdf | | 2036Kb | PDF | View/Open |
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