The inner Workings of a Market for Transferable Fishing Rights in the Florida Spiny Lobster Fishery Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/7w62f914c

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  • With a national policy on catch shares in progress in the United States and increasing use of transferable fishing rights in fisheries worldwide, it is important to understand how the markets created by these programs function in the real world. This paper presents information collected from interviews with Florida spiny lobster fishermen on how the market for trap certificates works, how they make decisions to buy and sell certificates, and their perceptions of the program. The interviews indicate that the fishermen participate in the market in ways we expect, but may be hindered by cultural and social differences that impede transfers; program provisions that affect decision-making in transfers; and the emergence of brokers in the market. The study also revealed how information about certificate prices and availability circulates within and between fishing communities, and how this affects the market and the outcomes of the program. When compared to results from previous analyses of transactions data, the interviews also provide information on validity of conclusions, and offers alternative explanations uncovered when the fishermen themselves explain the trap certificate market. The results of this paper suggest that management and regulating agencies should directly address these issues that could affect the market when developing and amending transferable fishing rights programs. Additionally, it exemplifies the importance of combining interviews with fishermen with economic analyses in monitoring and evaluation in order to gain a better understanding of how these programs work.
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  • MacLauchlin, Kari, Sherry Larkin and Kalah Hill. 2010. The inner Workings of a Market for Transferable Fishing Rights in the Florida Spiny Lobster Fishery. 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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