EconPapers    
Economics at your fingertips  
 

Fleet Restructuring, Rent Generation, and the Design of Fishing Quota Programs: Empirical Evidence from the Pacific Coast Groundfish Fishery

Carl Lian, Rajesh Singh and Quinn Weninger ()

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

Abstract: This article characterizes anticipated changes in fleet structure, vessel harvesting activity, and economic performance in the Pacific Coast groundfish fishery under an individual fishing quota management program. Results suggest that the current fleet of 117 vessels will be reduced by roughly 50% - 66% to 40-60 vessels, resulting in annual cost savings of $18 - $22 million (based 2004 price and cost estimates). However, cost savings could be significantly less if restrictions on quota trading across vessels are incorporated into the program design. Alternative modes of taxing fishing revenues to fund program administration and their impact on fleet size and total fishery value under quota management are also studied. We conclude that a program of individual fishing quotas, if carefully designed, can be an attractive alternative for management of the Pacific Coast groundfish fishery.

JEL-codes: D24 Q2 (search for similar items in EconPapers)
Date: 2010-04-28
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Published in Marine Resource Economics, January 2010, vol. 24, pp. 329-359

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

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:isu:genres:31428

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:31428