Individual fishing quotas and fishing capacity in the US Gulf of Mexico red snapper fishery
Daniel Solis (),
Lawrence Perruso and
Juan J. Agar
Australian Journal of Agricultural and Resource Economics, 2015, vol. 59, issue 2, pages 288-307
type="main" xml:id="ajar12061-abs-0001"> Overcapacity (OC) and excess capacity (EC) are serious obstacles affecting the sound management of commercial fisheries around the world. The use of individual fishing quotas (IFQs) has been proposed as a promising management tool to cope with these challenges. However, the empirical evidence on the efficacy of this instrument is scarce. Drawing on a stochastic distance frontier analysis, we investigate the impact of the US Gulf of Mexico red snapper IFQ program on fishing capacity, capacity utilisation (CU) and OC. The paper also offers an alternative approach to compute species-specific capacity measurements for multispecies fisheries. Our findings show that following the introduction of the IFQ program, fishing capacity decreased, primarily due to the exit of a large number of fishing vessels. CU increased marginally indicating modest decreases in EC. Conversely, we find that OC remains high. Our estimates suggest that about one-fifth of the actual fleet could harvest the entire quota.
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:bla:ajarec:v:59:y:2015:i:2:p:288-307
Ordering information: This journal article can be ordered from
http://ordering.onli ... 1111/(ISSN)1467-8489
Access Statistics for this article
Australian Journal of Agricultural and Resource Economics is currently edited by John Rolfe, Lin Crase and John Tisdell
More articles in Australian Journal of Agricultural and Resource Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Series data maintained by Wiley-Blackwell Digital Licensing ().