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Economic benefits of management reform in the northern Gulf of Mexico reef fish fishery

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  • Weninger, Quinn
  • Waters, James R.

Abstract

Controlled access management in the northern Gulf of Mexico commercial reef fish fishery has not achieved key management objectives. We estimate the economic benefits of replacing controlled access with tradable harvest permits. Results suggest that eliminating market gluts caused by periodic seasonal closures could have raised revenues by $3.206m in 1993, the year of our data. Eliminating per-trip catch limits and seasonal closures could have reduced harvest costs by $8.078m. The total 1993 potential benefits, at $11.284m, suggest property rights-based management is an attractive alternative for the northern Gulf reef fish fishery.
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  • Weninger, Quinn & Waters, James R., 2003. "Economic benefits of management reform in the northern Gulf of Mexico reef fish fishery," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 207-230, September.
  • Handle: RePEc:eee:jeeman:v:46:y:2003:i:2:p:207-230
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    Cited by:

    1. Kurt E. Schnier & Ronald G. Felthoven, 2013. "Production Efficiency and Exit in Rights-Based Fisheries," Land Economics, University of Wisconsin Press, vol. 89(3), pages 538-557.
    2. Fukuyama, Hirofumi & Weber, William L., 2009. "A directional slacks-based measure of technical inefficiency," Socio-Economic Planning Sciences, Elsevier, vol. 43(4), pages 274-287, December.
    3. Veyssiere, Luc Pierre & Weninger, Quinn, 2009. "Fishing Behavior Across Space and Time," Staff General Research Papers Archive 31848, Iowa State University, Department of Economics.
    4. Torres, Marcelo de O. & Felthoven, Ronald G., 2014. "Productivity growth and product choice in catch share fisheries: The case of Alaska pollock," Marine Policy, Elsevier, vol. 50(PA), pages 280-289.
    5. Ropicki, Andrew J., 2013. "Network Analysis of the Gulf of Mexico Commercial Red Snapper Fishery IFQ Program," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143091, Southern Agricultural Economics Association.
    6. Matthew N. Reimer & Joshua K. Abbott & James E. Wilen, 2014. "Unraveling the Multiple Margins of Rent Generation from Individual Transferable Quotas," Land Economics, University of Wisconsin Press, vol. 90(3), pages 538-559.
    7. Ronald Felthoven & William Horrace & Kurt Schnier, 2009. "Estimating heterogeneous capacity and capacity utilization in a multi-species fishery," Journal of Productivity Analysis, Springer, vol. 32(3), pages 173-189, December.
    8. Diekert , Florian & Lund , Kristen & Schweder, Tore, 2014. "From Open-Access to Individual Quotas: Disentangling the Effects of Policy Reform and Environmental Changes in the Norwegian Coastal Cod Fishery," Memorandum 07/2014, Oslo University, Department of Economics.
    9. Junjie Zhang & Martin Smith, 2011. "Heterogeneous Response to Marine Reserve Formation: A Sorting Model approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(3), pages 311-325, July.
    10. Catherine J. Morrison Paul & Ronald G. Felthoven & Marcelo de O. Torres, 2010. "Productive performance in fisheries: modeling, measurement, and management," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 343-360, July.
    11. Lee G. Anderson & George R. Parsons, 2004. "Review of Valuation Studies for Coastal and Ocean Resources in Latin America and the Caribbean," IDB Publications (Working Papers) 4486, Inter-American Development Bank.
    12. Subal Kumbhakar & Frank Asche & Ragnar Tveteras, 2013. "Estimation and decomposition of inefficiency when producers maximize return to the outlay: an application to Norwegian fishing trawlers," Journal of Productivity Analysis, Springer, vol. 40(3), pages 307-321, December.
    13. Eggert, Håkan & Tveterås, Ragnar, 2004. "Potential Rent and Overcapacity in the Swedish Baltic Sea Trawl Fishery," Working Papers in Economics 152, University of Gothenburg, Department of Economics.
    14. Torres, Marcelo de Oliveira & Felthoven, Ronald G., 2012. "Productivity Growth and Product Choice in Fisheries: the Case of the Alaskan Pollock Fishery Revisited," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124851, Agricultural and Applied Economics Association.
    15. Newell, Richard G. & Sanchirico, James N. & Kerr, Suzi, 2005. "Fishing quota markets," Journal of Environmental Economics and Management, Elsevier, vol. 49(3), pages 437-462, May.
    16. Asche, Frank & Smith, Martin D., 2010. "Trade and fisheries: Key issues for the World Trade Organization," WTO Staff Working Papers ERSD-2010-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    17. repec:gam:jsusta:v:10:y:2017:i:1:p:70-:d:124752 is not listed on IDEAS
    18. Weninger, Quinn, 2008. "Individual Fishing Quotas in the Eastern Gulf of Mexico Grouper Fishery: Fleet Restructuring, Effort Reduction and Cost Savings," Staff General Research Papers Archive 12890, Iowa State University, Department of Economics.

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