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A Double Hurdle Model of Preferences for a Proposed Capacity Reduction Program in the Atlantic Shark Fishery

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Author Info
Musengezi, Jessica D.
Rossi, Frederick J.
Larkin, Sherry L.

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Abstract

The Atlantic shark fishery is considered to be overcapitalized. One approach to capacity management is the purchase and permanent retirement of fishing vessels, fishing permits, or both under voluntary buyback programs. Representatives of the commercial shark fishery have proposed such an approach to manage the overcapacity in their fishery in the Gulf of Mexico and Atlantic regions. This program would allow owners to submit willingness-to-accept (WTA) bids for their permits and vessels. This study uses econometric modeling to explain the potential participation and bid amounts from a survey of permit owners.

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Publisher Info
Paper provided by Southern Agricultural Economics Association in its series 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida with number 35361.

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Date of creation: 2006
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Handle: RePEc:ags:saeaso:35361

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Keywords: Resource /Energy Economics and Policy;

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  1. Robertson, John & Kitts, Andrew & Thunberg, Eric, 2000. "Willingness To Participate And Bids In A Fishing Vessel Buyout Program: A Case Study Of New England Groundfish," Marine Resource Economics, Marine Resources Foundation, vol. 15(3). [Downloadable!]
  2. repec:jaa:jagape:v:36:y:2004:i:2:p:317-332 is not listed on IDEAS
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This page was last updated on 2009-12-11.

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