A Limited Economic Assessment of the Northeast Groundfish Fishery Buyout Program
AbstractThe United States and various European Union nations have used vessel buyout programs to reduce harvesting capacity in fisheries. In this paper, we present an analysis of the U.S. Northeast groundfish vessel buyout program. Using data envelopment analysis (DEA), we calculate capacity for both the fleet and for the vessels removed through the buyout program. Our analysis suggests that if capacity measures had been used to select vessels, both more capacity and more vessels could have been purchased with the funds allocated to the buyout program. We conclude with a discussion of alternative ways to reduce capacity in fisheries.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 79 (2003)
Issue (Month): 3 ()
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Web page: http://le.uwpress.org/
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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- Walter Briec & Kristiaan Kerstens & Diego Prior, 2009. "Tangency Capacity Notions Based upon the Pro?t and Cost Functions: A Non-Parametric Approach and a Comparison," Working Papers, IESEG School of Management 2009-ECO-05, IESEG School of Management.
- Pascoe, Sean & Hutton, Trevor & van Putten, Ingrid & Dennis, Darren & Skewes, Tim & Plagányi, Éva & Deng, Roy, 2013. "DEA-based predictors for estimating fleet size changes when modelling the introduction of rights-based management," European Journal of Operational Research, Elsevier, Elsevier, vol. 230(3), pages 681-687.
- Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2010.
"Tangency Capacity Notions Based upon the Profit and Cost Functions: A Non-Parametric Approach and a General Comparison,"
Working Papers, Hogeschool-Universiteit Brussel, Faculteit Economie en Management
2010/04, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
- Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2010. "Tangency capacity notions based upon the profit and cost functions: A non-parametric approach and a general comparison," Economic Modelling, Elsevier, Elsevier, vol. 27(5), pages 1156-1166, September.
- Pascoe, Sean & Tingley, Diana, 2006. "Economic capacity estimation in fisheries: A non-parametric ray approach," Resource and Energy Economics, Elsevier, Elsevier, vol. 28(2), pages 124-138, May.
- Diop, Hamady & Keithly, Walter R., Jr. & Kazmierczak, Richard F., Jr. & Diagne, Assane, 2007. "Economic And Physical Measures of Efficiency: the Case of the Gulf of Mexico Grouper Fishery," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama, Southern Agricultural Economics Association 34915, Southern Agricultural Economics Association.
- Steven Schilizzi & Uwe Latacz-Lohmann, 2007. "Assessing the Performance of Conservation Auctions: An Experimental Study," Land Economics, University of Wisconsin Press, University of Wisconsin Press, vol. 83(4), pages 497-515.
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