An Economic Analysis of Spiny Lobster Production by Individual Firms at Optimum Stock Levels

Fred J. Prochaska and Joel S. Williams

Journal of Agricultural and Applied Economics, 1978, vol. 10, issue 2, 93-100

Abstract: Spiny lobster (Panulirus argus) landings in Florida increased from 1.9 million pounds in 1954 to 6.6 million pounds in 1974 [1], a gain of 239 percent. Florida landings currently account for 94 percent of U.S. spiny lobster landings. Total Florida spiny lobster landings have declined since 1974 for two reasons. First, prohibition of Florida fishermen from lobster fishing on the Bahamian continental shelf reduced landings considerably. Florida landings declined approximately 3.5 million pounds between 1974 and 1975, mainly because of the loss of the domestic landings which were caught in Bahamian waters. Second, domestic landings from Florida waters appear to have reached a maximum in 1974 and have since remained relatively stable or declined slightly.

Date: 1978
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