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| Abstract |
- The aim of this work is to estimate the supply elasticity of the fish regarding the variationsin one of the
most important running costs (fuel cost) for the Galician fleet in the Celtic Sea. The Spanish fleet involved
in the Celtic Sea fishing grounds, also known as the _300 fleet_, as when Spain joined the EEC it was
made up of this number of vessels, presently has 199 vessels (the 70% of them operate from Galicia).This
fleet mainly catches hake (merlucius merlucius), anglerfish (Lophius piscatorius and Lophius budegassa),
horse mackerel (trauchurus trauchurus), megrim (Lepidorhombus whiffiagonis) and nephrops. Although it
is currently possible to associate specific target species with particular fleets, various quantities of hake,
anglerfish, megrim and nephrops are taken together, depending on the gear type. A supply function for
each species has been estimated as an expression that depends on the price of fish, price of other fish
landed by the fleet and the fuel price. The preliminary results indicate that the supply of some species is
more elastic regarding the fluctuations in fuel prices than other ones. It could explain the strategy of the
fleet for selecting the less elastic stocks to the fuel costs.
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| Citation |
- Torralba-Cano, Julia, Marcos Pérez-Pérez, M. Dolores Garza-Gil and Manuel M. Varela-Lafuente. 2010. Estimating A Supply Function for the Galician Fleet in the Celtic Sea Fishery. 12 pages. In: Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 13-16, 2010, Montpellier, France: Economics of Fish Resources and Aquatic Ecosystems: Balancing Uses, Balancing Costs. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2010.
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| Funding Statement (additional comments about funding) |
- US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, Agence Française de Développement, Ministère de l’Enseignement Supérieur et de la Recherche, Ministère de L’Alimentation de L’Agriculture et de la Pêche, Ministère de l’Énergie, du Développement Durable et de la Mer, La Région Languedoc Rouslilon, Département Hérault, Montpellier Agglomèration, The Department of Fisheries and Oceans, Canada, and AquaFish Collaborative Research Support Program (CRSP).
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| Additional Information |
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Previous issue date: 2010
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