Buyback Programs for Capacity Reduction in the U.S. Atlantic Shark Fishery

Sherry L. Larkin (), Walter Keithly, Charles M. Adams and Richard F. Kazmierczak

Journal of Agricultural & Applied Economics, 2004, vol. 36, issue 2, pages 317-332

Abstract: Declining fishery stocks, increasing fishing effort, and adverse market conditions have produced difficult financial situations for fishermen worldwide. Several high-valued fisheries are considered to be overcapitalized. The purchase and permanent retirement of fishing vessels and/or permits under a buyback program is one approach for reducing fishing capacity. Evidence from previous programs, however, suggests that buybacks are not a panacea for solving overcapacity problems. Whether such programs can help rebuild stocks and improve the financial condition of fleets in any specific fishery depends on a multitude of factors. We consider the potential of a buyback program for the U.S. Atlantic shark fishery.

Keywords: buyback programs; fishing capacity; fishing permits; latent permits; marine fisheries; vessel decommissioning schemes (search for similar items in EconPapers)
JEL-codes: Q22 Q28 (search for similar items in EconPapers)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this article

Journal of Agricultural & Applied Economics is edited by Jeffrey M. Gillespie

More articles in Journal of Agricultural & Applied Economics from Southern Agricultural Economics Association
Address: Secretary/Treasurer, Dept. of Agricultural and Applied Economics, University of Georgia, Georgia Experiment Station, Griffin, Georgia 30223
Series data maintained by Chung L. Huang ().