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Fishery Buy‐Back Programmes And Economic Welfare

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  • Harry F. Campbell

Abstract

Fishery buy-back programmes reduce the availability to the industry of certain inputs used in the harvesting process, thereby increasing fishing costs and reducing the amount of effort applied to the fishery. The reduction in effort generates an economic benefit which must be weighed against the increased costs. The paper develops an economic model of a buy-back programme which can be used to estimate the effect of the programme on economic welfare. The model is applied to the Tasmanian rock lobster fishery.
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Suggested Citation

  • Harry F. Campbell, 1989. "Fishery Buy‐Back Programmes And Economic Welfare," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 20-31, April.
  • Handle: RePEc:bla:ajarec:v:33:y:1989:i:1:p:20-31
    DOI: j.1467-8489.1989.tb00478.x
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    File URL: http://hdl.handle.net/10.1111/j.1467-8489.1989.tb00478.x
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    References listed on IDEAS

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    1. Salvatore Comitini & David S. Huang, 1967. "A Study of Production and Factor Shares in the Halibut Fishing Industry," Journal of Political Economy, University of Chicago Press, vol. 75, pages 366-366.
    2. Lee G. Anderson, 1985. "Potential Economic Benefits from Gear Restrictions and License Limitation in Fisheries Regulation," Land Economics, University of Wisconsin Press, vol. 64(4), pages 409-418.
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    Cited by:

    1. Campbell, Harry, 2008. "Economics, Property Rights and Fishery Management," Working Papers 7284, University of Tasmania, Tasmanian School of Business and Economics, revised 20 Nov 2012.
    2. Graff Zivin, Joshua & Mullins, Jamie, 2015. "Vessel buybacks in fisheries: The role of auction and financing structures," Marine Policy, Elsevier, vol. 53(C), pages 188-197.

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