Document Type

Working Paper

Publication Date

5-15-2008

Working Paper Number

WP #08007, March 2008 revised May 2008; Old working paper #12890

Abstract

This paper estimates a structural model of multiple-species harvesting costs in the eastern Gulf of Mexico reef fish fishery. The calibrated model is used to predict fleet size, vessel-level harvesting activity and fleet-wide revenues and costs that are expected under a proposed individual fishing quota (IFQ) management program for grouper species. Results suggest that significant fleet downsizing, scale economies and pure efficiency gains will emerge under IFQs. Overall, IFQs appear to be an attractive alternative to the current controlled access management program in the fishery.

JEL Classification

Q2

File Format

application/pdf

Length

34 pages

File Function

Revised version: May 2008 (Original draft: March 2008)

Included in

Economics Commons

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