Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2009

Journal or Book Title

Marine Resource Economics

Volume

24

Issue

4

First Page or Article ID Number

329

Last Page

359

DOI

10.5950/0738-1360-24.4.329

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.

JEL Classification

D24, Q02

Comments

This is an article from Marine Resource Economics 24 (2009): 329, doi:10.5950/0738-1360-24.4.329. Posted with permission.

Copyright Owner

MRE Foundation, Inc.

Language

en

File Format

application/pdf

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