Do Catch Shares Increase Prices? Evidence from US Fisheries

Anna Birkenbach, David J. Kaczan, Martin D. Smith, Greg Ardini, Daniel S. Holland, Min-Yang Lee, Douglas Lipton and Michael D. Travis

Marine Resource Economics, 2023, vol. 38, issue 3, 203 - 228

Abstract: Rights-based management of fishery resources theoretically allows firms to minimize the cost of extraction without the threat that other harvesters will take their allocations, but added flexibility also allows firms to exploit revenue margins such that firms balance potential revenue gains with potential cost savings. Using two approaches, difference-in-differences with an index of seafood prices and synthetic control, we test for revenue gains in 39 US fisheries that adopted market-based regulations and find mixed evidence of price increases. Species with price increases tend to have viable fresh markets or other features that discourage gluts, whereas species with price decreases plausibly have more to gain on the cost side or are part of a multispecies complex with a higher-value species experiencing a price increase.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1086/725010 (application/pdf)
http://dx.doi.org/10.1086/725010 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
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:ucp:mresec:doi:10.1086/725010

Access Statistics for this article

More articles in Marine Resource Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().