Evaluating the Economic Benefits of Catch Share Management in the Gulf of Mexico Reef Fish Fishery: Preliminary Results Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/2n49t581d

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  • It has long been argued that the Gulf of Mexico commercial reef fish fishery would benefit economically by being managed by “a system of tradable harvest permits” (Weninger and Waters 2003; Waters 2001). Between 2007 and 2010, all the major species in this fishery were transitioned into catch share management, effectively creating tradable permits.  We now have enough economic data to explicitly calculate the economic benefits created by moving to catch share management. This study uses cleaned trip- and vessel-level revenue and cost data---from before and after the introduction of catch share management for the various species---to estimate the increased profitability due to catch share management.  Conceptually, the increased profitability should correspond to “resource rent.”
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  • 097634324X

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