The economics of bycatch resuction devices in regulated fisheries

Chris M. Alaouze

No 125051, 2002 Conference (46th), February 13-15, 2002, Canberra, Australia from Australian Agricultural and Resource Economics Society

Abstract: By-catch reduction devices increase the equilibrium population of the by-catch species at every level of effort directed at the target species of fish. Also, cost per unit effort is increased and this reduces effort and profit. It is shown that for effective bycatch reduction devices, the fall in effort makes an unimportant contribution to the increase in the equilibrium population of the by-catch species. Thus, it is concluded that mandatory by-catch reduction devices be introduced at minimum cost. That is, without additional regulations which mainly reduce effort and profit.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 21
Date: 2002-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare02:125051

DOI: 10.22004/ag.econ.125051

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