The economics of bycatch resuction devices in regulated fisheries

By-catch reduction devices increase the equilibrium population of the by-catch species at every level of effort directed at the target species of fish. Also, cost per unit effort is increased and this reduces effort and profit. It is shown that for effective bycatch reduction devices, the fall in effort makes an unimportant contribution to the increase in the equilibrium population of the by-catch species. Thus, it is concluded that mandatory by-catch reduction devices be introduced at minimum cost. That is, without additional regulations which mainly reduce effort and profit.


Issue Date:
2002-02
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/125051
Total Pages:
21




 Record created 2017-04-01, last modified 2017-08-26

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