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Harbor Porpoise Bycatch: ITQs or Time/Area Closures in the New England Gillnet Fishery

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  • Kathryn D. Bisack
  • Jon G. Sutinen
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    Abstract

    The implications of individual transferable quotas (ITQs) for reducing harbor porpoise bycatch in a multi-species fishery are investigated. Our intra-year bioeconomic model incorporates spatial and temporal patterns of abundance and harvest rates of commercial fish species and porpoise. Results indicate that porpoise ITQs, when compared to closures, are more profitable than closures, and distribute effort and profit reductions more evenly across seasons and areas. Price estimates for a unit of porpoise quota ranges from $1,395 to $5,782, for total allowable catches ranging from 951 to 209 porpoise, respectively. Total annual willingness to pay for porpoise quota is approximately $1.25 million.

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    File URL: http://le.uwpress.org/cgi/reprint/82/1/85
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    Bibliographic Info

    Article provided by University of Wisconsin Press in its journal Land Economics.

    Volume (Year): 82 (2006)
    Issue (Month): 1 ()
    Pages: 85-102

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    Handle: RePEc:uwp:landec:v:82:y:2006:i:1:p:85-102

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    Web page: http://le.uwpress.org/

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    Cited by:
    1. Lee, Min-Yang A., 2008. "Whale-watching and Herring Fishing: Joint or Independent Production?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6086, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Haynie, Alan C. & Hicks, Robert L. & Schnier, Kurt E., 2009. "Common property, information, and cooperation: Commercial fishing in the Bering Sea," Ecological Economics, Elsevier, vol. 69(2), pages 406-413, December.

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