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Potential Rent and Overcapacity in the Swedish Baltic Sea Trawl Fishery

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Author Info

  • Eggert, Håkan

    ()
    (Department of Economics, School of Economics and Commercial Law, Göteborg University)

  • Tveterås, Ragnar

    (Stavanger University)

Abstract

Many 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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File URL: http://hdl.handle.net/2077/19625
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Bibliographic Info

Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 152.

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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.
Handle: RePEc:hhs:gunwpe:0152

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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Keywords: cost function; efficiency gains; individual vessel quotas; Swedish fisheries;

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References

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  1. Eggert, Håkan & Tveterås, Ragnar, 2001. "Stochastic Production and Heterogeneous Risk Preferences: Commercial Fishers’ Gear Choices," Working Papers in Economics, University of Gothenburg, Department of Economics 54, University of Gothenburg, Department of Economics.
  2. Weninger, Quinn & McConnell, K. E., 2000. "Buyback Programs in Commercial Fisheries: Efficiency Versus Transfers," Staff General Research Papers 1834, Iowa State University, Department of Economics.
  3. Eggert, HÃ¥kan & Martinsson, Peter, 2003. "Are Commercial Fishers Risk Lovers?," Working Papers in Economics, University of Gothenburg, Department of Economics 90, University of Gothenburg, Department of Economics.
  4. Robidoux, B. & Lester, J., 1988. "Econometric Estimates Of Scale Economies In Canadian Manufacturing," Working Papers-Department of Finance Canada, Department of Finance Canada 1988-4, Department of Finance Canada.
  5. Christensen, Laurits R & Greene, William H, 1976. "Economies of Scale in U.S. Electric Power Generation," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 84(4), pages 655-76, August.
  6. Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
  7. Weninger, Quinn & Waters, James R., 2003. "Economic Benefits of Management Reform in the Northern Gulf of Mexico Reef Fish Fishery," Staff General Research Papers 10828, Iowa State University, Department of Economics.
  8. Quinn Weninger, 1998. "Assessing Efficiency Gains from Individual Transferable Quotas: An Application to the Mid-Atlantic Surf Clam and Ocean Quahog Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 80(4), pages 750-764.
  9. Scott C. Matulich & Murat Sever, 1999. "Reconsidering the Initial Allocation of ITQs: The Search for a Pareto-Safe Allocation between Fishing and Processing Sectors," Land Economics, University of Wisconsin Press, vol. 75(2), pages 203-219.
  10. Wilen, James E., 2000. "Renewable Resource Economists and Policy: What Differences Have We Made?," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 306-327, May.
  11. Barten, A. P., 1969. "Maximum likelihood estimation of a complete system of demand equations," European Economic Review, Elsevier, Elsevier, vol. 1(1), pages 7-73.
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Cited by:
  1. Elofsson, Katarina & Bengtsson, Goran & Gren, Ing-Marie, 2011. "Optimal Management of Invasive Species with Different Reproduction and Survival Strategies," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland, European Association of Agricultural Economists 114343, European Association of Agricultural Economists.
  2. Trond Bjørndal & Daniel Gordon & Mintewab Bezabih, 2012. "Measuring potential profits in a bioeconomic model of the mixed demersal fishery in the North Sea," Journal of Bioeconomics, Springer, Springer, vol. 14(2), pages 147-166, July.
  3. Sigbjorn Tveteras & Carlos Paredes & Julio Peña, 2011. "Individual Fishing Quotas in Peru: Stopping the Race for Anchovies," ILADES-Georgetown University Working Papers, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines inv263, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
  4. Christine Roeckmann & Uwe A. Schneider & Michael A. St.John & Richard S.J. Tol, 2006. "Rebuilding the Eastern Baltic cod stock under environmental change - Part II: The economic viability of a marine protected area," Working Papers, Research unit Sustainability and Global Change, Hamburg University FNU-106, Research unit Sustainability and Global Change, Hamburg University, revised May 2006.

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