Potential Rent and Overcapacity in the Swedish Baltic Sea Trawl Fishery
AbstractMany EU fisheries have problems with depleted stocks and fleet overcapacity following from regulated open access regimes. Some EU countries have introduced Individual Vessel Quotas (IVQs), which can stop the race to catch and provide the fishers with incentives to minimize costs for a given catch. We model an IVQ fishery using a cost function approach and apply the methodology to the Swedish cod fishery in the Baltic Sea. We estimate a translog cost function for a data set of Swedish trawlers and assess the potential gains from a structural adjustment of the fleet. Results suggest potential cost savings of SEK 140 millions and a desirable fleet reduction of 25% for the Swedish Baltic Sea cod fishery.
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Bibliographic InfoPaper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 152.
Length: 26 pages
Date of creation: 10 Dec 2004
Date of revision:
Publication status: Published in ICES Journal of Marine Science, 2007, pages 439-445.
Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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cost function; efficiency gains; individual vessel quotas; Swedish fisheries;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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