@article{Perrin:233020,
      recid = {233020},
      author = {Perrin, William F. and Noetzel, Bruno G.},
      title = {Economic Study of San Pedro Wetfish Boats},
      address = {1969-10},
      number = {1439-2016-118980},
      series = {WP},
      pages = {102},
      year = {1969},
      abstract = {Because the San Pedro wetfish fleet is shrinking and is  not
yielding good wages for fishermen or good returns to  investors, it
needs to improve its economic state. The  fleet is antiquated,and
one way it can improve itself is by  constructing new, efficient
vessels, both for replacement  of vessels and for expansion of the
fleet to harvest  presently underexploited stocks of jack mackerel
and  anchovies in the California Current. The study reported  here
investigated the feasibility of this approach. It  found that, at present
rates of catch and prices of fish,  the construction of new vessels is
not economically  feasible--even if the construction is subsidized.
It also  found, however, that expansion of the fleet through  acquisition
of surplus vessels from other fisheries is  feasible, given
sufficient demand for wetfish at present  prices.},
      url = {http://ageconsearch.umn.edu/record/233020},
      doi = {https://doi.org/10.22004/ag.econ.233020},
}