Though long a standard technique in engineering and medical research, duration or survival analysis has
become common in economics only in recent decades, and in fisheries economics we are aware of only
one previous study. In this paper, we demonstrate the usefulness of duration analysis to understanding
fleet dynamics, specifically...
In 2003, an industry-financed, government-administered buyback of trawl
fishing permits and vessels took place on the US West Coast, resulting in
the retirement of about one-third of the limited-entry trawl fleet. The lack
of cost data in this fishery precludes an analysis of how the buyback has
affected profitability, but...