Toward a more complete model of individual transferable fishing quotas: implications of incorporating the processing sector

Article Abstract:

The economic consequences of assigning individual transferable quotas (ITQ) in fisheries management to harvesters and its effects on processors are analyzed. Previous literature has implied that assigning fishing rights is equivalent to property rights and that this was done to prevent the occurrence of overcapitalization among harvesters. It was argued that without perfectly malleable capital, a conventional ITQ policy will cause the disenfranchisement of the processing sector by relegating some of its quasi-rents to the harvesting sector during a transition period and in the long-run.

Fishery policy, Fishery resources, Economic rent

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Leisure/labor tradeoffs: the backward-bending labor supply in fisheries

Article Abstract:

A dynamic, utility-theoretic model of fishermen's behavior is developed to analyze the possibility of a short-run backward-bending supply of fishing labor. The model underscores both contemporaneous and intertemporal trade-offs between labor and leisure. The results show that the short-run labor supply in fisheries may exhibit backward-bending properties. Furthermore, changes in current prices may lead to changes in expectations of future prices, causing potentially greater counterintuitive behavior.

Supply and demand, Recreation, Labor supply, Labor force, Fishing, Fishing (Recreation), Fishers (Persons)

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Exvessel price determination in the Alaska king crab fishery: a formula price contract under uncertainty

Article Abstract:

A new study investigates whether ex-vessel price determination in the Alaska king crab industry may be considered to be a bilateral monopoly.

Research, Management, Environmental economics, Crabbing

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