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The Challenges of Allocating Joint and Common Fixed Costs: an Example from the Northeast U.S.

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  • Information on the total costs associated with various types of commercial fishing businesses is vital to evaluating the economic impact of fisheries regulations and management. However, obtaining reliable cost information can present a challenge. While NOAA’s Northeast Fisheries Science Center (NEFSC) does collect variable (trip related) costs of fishing on a continuous basis as part of a fisheries observer program, fixed costs (which do not depend on how many trips are taken) and labor costs are only gathered periodically.  Fixed costs and labor costs can be expected to vary by fishing port, vessel size, primary gear type, crew size and other factors. The NEFSC has undertaken multiple survey efforts specifically aimed at identifying commercial vessel owners’ fixed costs, with the goal of producing profitability analyses.  The most recent data collections were for costs incurred in 2011 and 2012, with a survey for costs incurred in 2015 to be implemented in early 2016. We discuss the difficulties associated with allocating fixed costs when vessel owners use one vessel to participate in multiple fisheries or when more than one vessel is owned. We highlight the implications these challenges pose for reliable profitability analyses, using commercial fishing vessels engaged in the Northeast groundfish fishery as an example, and discuss possible methods to address the cost allocation problem.
  • Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
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  • Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.
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  • 0976343290

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