Economic benefits of management reform in the Gulf of Mexico grouper fishery: a semi-parametric analysis

Quinn Weninger ()

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: This paper uses a semi-parametric empirical model to estimate the economic benefits of adopting a property rights-based management program in the Gulf of Mexico grouper fishery. The analysis predicts that a rights-based fleet will be comprised of fewer, more cost efficient boats than under the current controlled access management program. Results indicate that in the year of our data, 1993, the smaller, more productive fleet could harvest the allowable reef fish catch at a cost saving of $2.92-$7.07 million, 12-30% less than under controlled access management. Recent tightening of controlled access regulations suggest that the benefits from management reform could be even larger in the current day fishery.

Date: 2007-12-01
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Related works:
Journal Article: Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-parametric Analysis (2008)
Working Paper: Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-parametric Analysis (2008)
Working Paper: Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-Parametric Analysis (2004)
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