A Note on the "Stock Effect"
AbstractThe â€œstock effectâ€ implies that unit operating costs will be sensitive to the size of the exploited fish stock(s). This is investigated using data for Norwegian trawlers. The results indicate that there is a significant stock effect for the two most important stocks exploited by these fisheries, haddock and cod jointly, and saithe. Two cost function specifications are used, one using catch shares as weights and another using a Taylor approximation to the cost function. The effect on operating costs is relatively small, although substantial if it is related to costs directly attributable to the stock under consideration.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 22 (2007)
Issue (Month): 1 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Fisheries economics; stock effect; Resource /Energy Economics and Policy; Q22;
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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- Pascoe, Sean & Coppola, Gianluigi, 1998.
"A Surplus Production Model With A Nonlinear Catch-Effort Relationship,"
Marine Resource Economics,
Marine Resources Foundation, vol. 13(1).
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- Tom Kompas & Cathy M. Dichmont & André E. Punt & A. Deng & Tuong Nhu Che & Janet Bishop & Peter Gooday & Yemin Ye & S. Zhou, 2010.
"Maximizing profits and conserving stocks in the Australian Northern Prawn Fishery,"
Australian Journal of Agricultural and Resource Economics,
Australian Agricultural and Resource Economics Society, vol. 54(3), pages 281-299, 07.
- Tom Kompas et. al., 2008. "Maximizing Profits and Conserving Stocks in the Australian Northern Prawn Fishery," International and Development Economics Working Papers idec08-04, International and Development Economics.
- Rögnvaldur Hannesson, 2011. "When is fish quota enforcement worth while? A study of the Northeast Arctic cod," Journal of Bioeconomics, Springer, vol. 13(2), pages 139-160, July.
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