A key element in evaluating fishery management strategies is to examine their effects on the economic performance of fishery participants, yet nearly all empirical studies of fisheries focus on fishing as opposed to processing. However, the economic benefits derived from fish stocks are largely determined by the revenue generated from...
The shrimp fishery accounts for more than one-half of the total revenues generated by commercial fishing activities in the U.S. Gulf of Mexico. Due to its historical open access nature the harvesting sector has historically been overcapitalized (from an economic perspective) resulting in a suboptimal generation of rents. Various management...