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Targeting ability and output controls in Australia's multi-species Northern Prawn Fishery

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  • Sean Pascoe
  • André E. Punt
  • Catherine M. Dichmont

Abstract

The degree to which individual species can be targeted will influence how quotas are set in multi-species fisheries managed through individual transferable quotas (ITQs). In this paper, a multi-output distance function is used to examine fishers' ability to control output mix in a fishery about to move to ITQ management. The parameters of the model are estimated using Bayesian techniques, with monotonicity and homogeneity conditions imposed to ensure theoretical consistency. The results suggest that the ability of fishers to change their output mix is relatively limited, and a single quota may be sufficient to control catches of the key species. Oxford University Press and Foundation for the European Review of Agricultural Economics 2010; all rights reserved. For permissions, please email journals.permissions@oxfordjournals.org, Oxford University Press.

Suggested Citation

  • Sean Pascoe & André E. Punt & Catherine M. Dichmont, 2010. "Targeting ability and output controls in Australia's multi-species Northern Prawn Fishery," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 37(3), pages 313-334, September.
    • Handle: RePEc:oup:erevae:v:37:y:2010:i:3:p:313-334
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    File URL: http://hdl.handle.net/10.1093/erae/jbq022
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    Citations

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    Cited by:

    1. Joshua K. Abbott & Alan C. Haynie & Matthew N. Reimer, 2015. "Hidden Flexibility: Institutions, Incentives, and the Margins of Selectivity in Fishing," Land Economics, University of Wisconsin Press, vol. 91(1), pages 169-195.
    2. Barbara Hutniczak, 2014. "Increasing Pressure on Unregulated Species Due to Changes in Individual Vessel Quotas: An Empirical Application to Trawler Fishing in the Baltic Sea," Marine Resource Economics, University of Chicago Press, vol. 29(3), pages 201-217.
    3. Peggy Schrobback & Sean Pascoe & Louisa Coglan, 2014. "Shape Up or Ship Out: Can We Enhance Productivity in Coastal Aquaculture to Compete with Other Uses?," PLOS ONE, Public Library of Science, vol. 9(12), pages 1-25, December.
    4. Christian Elleby & Frank Jensen, 2018. "How Many Instruments Do We Really Need? A First-Best Optimal Solution to Multiple Objectives with Fisheries Regulation," IFRO Working Paper 2018/05, University of Copenhagen, Department of Food and Resource Economics.
    5. Sean Pascoe & Simon Vieira & Catherine M. Dichmont & André E. Punt, 2011. "Optimal vessel size and output in the Australian northern prawn fishery: a restricted profit function approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(1), pages 107-125, January.
    6. Staffan Waldo & Frank Jensen & Max Nielsen & Hans Ellefsen & Jónas Hallgrimsson & Cecilia Hammarlund & Øystein Hermansen & John Isaksen, 2016. "Regulating Multiple Externalities: The Case of Nordic Fisheries," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 233-257.
    7. Kiyama, Shoichi & Yamazaki, Satoshi, 2022. "Product switching and efficiency in a declining small-scale fishery," Ecological Economics, Elsevier, vol. 193(C).
    8. Liu, Jing & Qin, Tianbao, 2018. "A Comparative Analysis of Fishing Rights From a Transaction Cost Perspective," Ecological Economics, Elsevier, vol. 153(C), pages 89-99.
    9. Quang Nguyen & Sean Pascoe & Louisa Coglan & Son Nghiem, 2021. "The sensitivity of efficiency scores to input and other choices in stochastic frontier analysis: an empirical investigation," Journal of Productivity Analysis, Springer, vol. 55(1), pages 31-40, February.
    10. Bolli, Thomas & Olivares, Maria & Bonaccorsi, Andrea & Daraio, Cinzia & Aracil, Adela Garcia & Lepori, Benedetto, 2016. "The differential effects of competitive funding on the production frontier and the efficiency of universities," Economics of Education Review, Elsevier, vol. 52(C), pages 91-104.

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