Title

Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-parametric Analysis

Campus Units

Economics

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

12-2008

Journal or Book Title

Environmental and Resource Economics

Volume

41

Issue

4

First Page or Article ID Number

479

Last Page

497

DOI

10.1007/s10640-008-9203-2

Abstract

This paper uses a semi-parametric empirical model to estimate the economic benefits of adopting a property rights-based management program in the Gulf of Mexico grouper fishery. The analysis predicts that a rights-based fleet will be comprised of fewer, more cost efficient boats than under the current controlled access management program. Results indicate that in the year of our data, 1993, the smaller, more productive fleet could harvest the allowable reef fish catch at a cost saving of $2.92–$7.07 million, 12–30% less than under controlled access management. Recent tightening of controlled access regulations suggest that the benefits from management reform could be even larger in the current day fishery.

JEL Classification

D2, Q2

Comments

This working paper was published in Environ Resource Econ (2008) 41: 479. doi:10.1007/s10640-008-9203-2. Posted with permission.

Copyright Owner

Springer Science+Business Media B.V.

Language

en

File Format

application/pdf