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Impact of the Days-at-Sea Restrictions on the Profitability of North Sea Trawlers: A Restricted Profit Function Approach

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  • Days at sea restrictions were introduced in 2003 as part of the cod recovery strategy in the North Sea. The impact on the profitability of the fleet of the effort controls, however, is not immediately discernable, as the fishery was also subject to changes in costs, prices and stock conditions. In this paper, a restricted profit function is estimated, and used to determine the impact of the effort restriction on the profitability of the fleet, all other things being equal. The results suggest that, ceteris paribus, the effort control measures implemented in 2003 had a significant negative impact on profitability, as might be expected.
  • KEYWORDS: Days-at-Sea Restrictions, North Sea, Restricted Profit Function
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  • Pascoe, Sean. 2006. Impact of the Days-at-Sea Restrictions on the Profitability of North Sea Trawlers: A Restricted Profit Function Approach. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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