One pressing economic, societal and environmental issue affecting commercial fisheries is the production of undesirable outputs. In fisheries, undesirable outputs often arise because of economic or regulatory discarding of commercial species and/or the incidentally caught or ‘take’ of protected species, such as sea turtles and marine mammals. In fisheries, undesirable...
The goal of this research was to characterize the trade-offs between profitability and sustainability when managing a valuable commercial fishery. The Florida finfish fishery generates over $75 million in annual dockside value; the snapper-grouper complex constitutes over half of that total. Currently, federal stock assessment procedures focus on stock size...
Proceedings of the 2017 Forum of the North American Association of Fisheries Economists, held March 22-24, 2017 in La Paz, Baja California Sur, Mexico.
Many fishermen diversify their income by fishing in more than one fishery which can significantly reduce year-to-year variation in income. However, opportunities to diversify have become more limited as access to fisheries has become more restricted. The implementation of catch share systems could further reduce diversification if those who remain...
The introduction of individual fishing quotas (IFQs) in the Gulf of Mexico red snapper fishery significantly impacted the way the commercial fleet operated. As result of the added flexibility afforded by the IFQ program, vessels began taking fewer but longer trips. They also began diversifying the composition of their catch....