Quota management systems (QMS) provide faith-based incentives for individual quota holders to conserve the resource voluntarily; quota holders expect the system to work and to be enforced and their expectations are usually realized despite imperfect incentives and significant enforcement burdens. Even with QMS there is never an individual incentive to...
This paper provides a Total Allowable Catch (TAC) assessment model for a single gear, multi-species fishery in South Korea. To estimate appropriate Allowable Biological Catch (ABC) of mackerel and jack mackerel caught by the large purse seine fleet in the territorial waters of South Korea, the model uses an extended...
Indirect benefits have a long history in the literature of benefit-cost (B-C) analysis. A commonmeasurement tool for indirect benefits is the Leontief or Input Output Model (I-O), and this paper discussesindirect benefits as if they are identical to I-O analysis. The B-C literature disparages I-O for assessing theeconomic efficiency of...
The Social Sciences Branch (SSB) of NOAA’s Northeast Fisheries Science Center (NEFSC) uses economic data to estimate the economic impacts of fisheries regulatory actions. Since 1995, the Northeast Fisheries Observer Program has collected trip cost information from commercial fishing vessels on which observers have been deployed. However, the allocation of...
Herring is an important stock as bait for lobster fisheries and a component of the food web of the Northwest Atlantic Ocean. However, herring is very vulnerable to environmental variables such as temperature, food supply, and to the type of sediment on the bottom floor. Egg and larval stage herring...