Effect of Stock Size and Regulations on Fishing Industry Cost and Structure: The Surf Clam Industry

Douglas Lipton and Ivar E. Strand

American Journal of Agricultural Economics, 1992, vol. 74, issue 1, 197-208

Abstract: Fishing costs are dependent on the size of the fish stock and regulations. Changes in these factors alter the equilibrium industry structure. In a multiproduct fishery, it is not possible to generalize how a reduction in industry catch will be accomplished, through a reduction in catch per vessel or in the number of vessels. Multiproduct cost functions are estimated for the Atlantic clam fishery. Simulations reveal that optimal harvest would be achieved with an increase in the number of vessels and a decrease in the catch per vessel of surf clams and an increase in the catch of ocean quahogs.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:74:y:1992:i:1:p:197-208.

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