The relationship between intrinsic fish quality (fish condition before handling), production efficiency, product price, and the optimal management of commercial "wild" fisheries was explored in four companion papers. The optimal management plan-consisting of quotas and harvest schedules - would maximize the discounted net industry revenues (NPV) given a minimum biomass...
Despite the success of co-management policies and territorial use rights in achieving the sustainability of some small scale fisheries, a considerable part of them still operate under open access, with very limited management and monitoring (if any), and even facing the risk of overexploitation. As a result, fleet reduction and...
The harvest technology of several multispecies fisheries has been explained in the recent literature using dual-based models. These studies are useful for explaining rent dissipation, estimating input and output elasticities, as well as describing other aspects of fisherman behavior. Most of these analyses have assumed that inputs are fixed at...
The Florida spiny lobster trap certificate program (TCP) is one of the oldest U.S. fisheries programs involving tradable effort permits. Under the TCP, fishers must own a certificate (and pay an associated annual fee) for each trap used. The program was created in 1992 to address overcapitalization amid growing social...
Loligo gahi (Patagonian longfin squid) has been the target of a major trawl fishery in the waters around the Falkland Islands since the early 1980s. The catch of this short-lived species can fluctuate markedly due to variation in seasonal recruitment. Ex-vessel prices of loligo are also variable due to international...
Stock assessment techniques currently used in the United States are extremely costly to implement, involve significant data requirements, and are inaccessible to all but a few stock assessment scientists. A systematic decrease in fishery yields and the designation of several species as overfished on the west coast of the United...
Using three years of weekly ACNielsen Scantrack data, this study aims to estimate the implicit prices of labeling retail finfish and shellfish in the U.S. with harvest-specific information, such as “wild” ‚“Atlantic”‚ “Pacific” or “imported”. Recent concerns for the availability of wild-caught supplies has led to increasing interest for labeling...
The role of discounting in determining the optimal harvest of natural resources has been extensively debated in the economic and natural resources literature. Differing approaches to discounting to address sustainability and intergenerational equity issues have the potential to significantly affect the allocation of resources between harvesting and conservation for this...
Environmental events such as tropical storms, hurricanes, and harmful algal blooms (HABs) have the potential to disrupt the commercial production and supply of certain marine species. In Florida, the red-pigmented dinoflagellate Karenia brevis (a particular type of naturally occurring HAB) has contaminated molluscan shellfish beds resulting in periodic fishery closures....
Catch share management programs are designed to reduce overcapacity in fisheries through trading as efficient harvesters buy out their less efficient counterparts. Numerous studies have looked at either the ex-ante potential of catch shares management to reduce overcapacity in a fishery or the ex-post effects of implementing such a program,...