Buyback programs in commercial fisheries:efficiency versus transfers

Quinn Weninger ()

Canadian Journal of Economics, 2000, vol. 33, issue 2, 394-412

Abstract: A Cournot model of investment is used to characterize the pre- and post-buyback investment equilibrium for vessels operating in a total-allowable-catch-regulated fishery. Welfare effects - the net welfare gains or losses and the distributional effects - that may be expected from vessel buyback programs are identified. Net welfare effects depend on the ability of remaining vessels to replace buyback capital, the speed of capital replacement, and capital investment irreversibility. Net welfare effects are likely to be positive only under exceptional technological and capital-market conditions. A brief review of the British Columbia Pacific Salmon Revitalization Plan is presented to anchor the theoretical model.

JEL-codes: D24 Q28 (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://links.jstor.org/sici?sici=0008-4085%282000 ... PICFE%3E2.0.CO%3B2-Z (text/html)
only available to JSTOR subscribers

Related works:
Working Paper: Buyback Programs in Commercial Fisheries: Efficiency Versus Transfers (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cje:issued:v:33:y:2000:i:2:p:394-412

Ordering information: This journal article can be ordered from
https://www.economic ... ionen/membership.php

Access Statistics for this article

Canadian Journal of Economics is currently edited by Zhiqi Chen

More articles in Canadian Journal of Economics from Canadian Economics Association Canadian Economics Association Prof. Werrner Antweiler, Treasurer UBC Sauder School of Business 2053 Main Mall Vancouver, BC, V6T 1Z2. Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Werner Antweiler ().