A Double Hurdle Model of Preferences for a Proposed Capacity Reduction Program in the Atlantic Shark Fishery

Jessica D. Musengezi, Frederick J. Rossi and Sherry Larkin ()

No 35361, 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida from Southern Agricultural Economics Association

Abstract: The Atlantic shark fishery is considered to be overcapitalized. One approach to capacity management is the purchase and permanent retirement of fishing vessels, fishing permits, or both under voluntary buyback programs. Representatives of the commercial shark fishery have proposed such an approach to manage the overcapacity in their fishery in the Gulf of Mexico and Atlantic regions. This program would allow owners to submit willingness-to-accept (WTA) bids for their permits and vessels. This study uses econometric modeling to explain the potential participation and bid amounts from a survey of permit owners.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 17
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaso:35361

DOI: 10.22004/ag.econ.35361

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