EconPapers    
Economics at your fingertips  
 

Buyback Programs in Commercial Fisheries: Efficiency Versus Transfers

Quinn Weninger () and Kenneth McConnell ()

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: A Cournot model of investment is used to characterize the pre- and post-buyback investment equilibrium for vessels operating in a total-allowable-catch-regulated fishery. Welfare effects-the net welfare gains or losses and the distributional effects-that may be expected from vessel buyback programs are identified. Net welfare effects depend on the ability of remaining vessels to replace buyback capital, the speed of capital replacement, and capital investment irreversibility. Net welfare effects are likely to be positive only under exceptional technological and capital-market conditions. A brief review of the British Columbia Pacific Salmon Revitalization Plan is presented to anchor the theoretical model.

Date: 2000-05-01
References: Add references at CitEc
Citations: View citations in EconPapers (15) Track citations by RSS feed

Published in Canadian Journal of Economics, May 2000, vol. 33 no. 2, pp. 394-412

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Buyback programs in commercial fisheries:efficiency versus transfers (2000) Downloads
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:isu:genres:1834

Access Statistics for this paper

More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().

 
Page updated 2019-09-15
Handle: RePEc:isu:genres:1834