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Incorporating Market Information In The Management Of The US North Atlantic Bluefin Tuna

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Abstract
  • The US North Atlantic bluefin tuna (Thunnus thynnus) fishery is one of the most controversial cases of renewable resource exploitation. Public management of this resource has resulted in substantial public debate. Bluefin tuna is also considered a culture-specific product, as it is almost exclusively consumed uncooked in Japan. Bluefin tuna is regarded as a h ighquality product in the Japanese market and is characterized by an unusual marketing system by seafood industry standards. Each fish is individually inspected for freshness, fat content, color, and shape of the individual fish. The first objective of this study is to formally evaluate the degree to which price of US fresh bluefin tuna is determined by those quality attributes of each fish, rather than by just the quantity supplied. This is accomplished using a hedonic model. Further, freshness, fat content, color, and shape grades are known to vary depending on harvest method, area of harvest, and period of capture. Therefore, as a second objective we attempt to show how the quality of the US North Atlantic bluefin tuna depends on harvest practices. The third and final objective of this paper is to combine the results from the hedonic model and production models estimations to find quota allocations that could result in the highest payoffs to the industry.
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  • Martínez-Garmendia, J., J.L. Anderson and M.T. Carroll. Incorporating Market Information In The Management Of The US North Atlantic Bluefin Tuna. In: Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.
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  • Johnston, Richard S.
  • Shriver, Ann L.
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  • International Institute of Fisheries Economics and TradeU.S. National Marine Fisheries ServiceMG Kailis Group
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