Rent dissipation and efficient rationalization in for-hire recreational fishing
Recreational fisheries are increasingly important in fisheries management; for some species, recreational take rivals or exceeds the amount harvested by commercial fishermen. Most recreational fisheries are regulated with gear restrictions, bag limits, and time/area closures, but there is increasing interest in the market-based solutions employed in commercial fisheries -- this despite the lack of an adequate bioeconomic theory of the joint commercial/recreational aspects of many recreational fisheries. This paper integrates a detailed production specification with traditional bioeconomic tools in order to better understand the implications of rationalization schemes targeted at the charter sector. While confirming some of the qualitative conclusions of the commercial fisheries literature on open access and regulated open access our model also generates rich and novel predictions with respect to input choices, the number of vessels and congestion externalities. We devise a system of instruments that generate efficient outcomes and extensively discuss issues associated with their real-world implementation.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- McConnell, Kenneth E. & Sutinen, Jon G., 1979. "Bioeconomic models of marine recreational fishing," Journal of Environmental Economics and Management, Elsevier, vol. 6(2), pages 127-139, June.
- Abbott, Joshua & Maharaj, Vishwanie & Wilen, James E., 2009. "Designing ITQ programs for commercial recreational fishing," Marine Policy, Elsevier, vol. 33(5), pages 766-774, September.
- Johnston, Robert J. & Holland, Daniel S. & Maharaj, Vishwanie & Campson, Tammy Warner, 2007. "Fish harvest tags: An alternative management approach for recreational fisheries in the US Gulf of Mexico," Marine Policy, Elsevier, vol. 31(4), pages 505-516, July.
- Squires, Dale, 1987. "Fishing effort: Its testing, specification, and internal structure in fisheries economics and management," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 268-282, September.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Massey, D. Matthew & Newbold, Stephen C. & Gentner, Brad, 2006. "Valuing water quality changes using a bioeconomic model of a coastal recreational fishery," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 482-500, July.
- Sutinen, Jon G. & Johnston, Robert J., 2003. "Angling management organizations: integrating the recreational sector into fishery management," Marine Policy, Elsevier, vol. 27(6), pages 471-487, November.
- Anderson Lee G., 1993. "Toward a Complete Economic Theory of the Utilization and Management of Recreational Fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 24(3), pages 272-295, May.
- C. Richard Shumway & Rulon D. Pope & Elizabeth K. Nash, 1984. "Allocatable Fixed Inputs and Jointness in Agricultural Production: Implications for Economic Modeling," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(1), pages 72-78.
- Bishop, Richard C. & Samples, Karl C., 1980. "Sport and commercial fishing conflicts: A theoretical analysis," Journal of Environmental Economics and Management, Elsevier, vol. 7(3), pages 220-233, September.
- Lee G. Anderson, 1983. "The Demand Curve for Recreational Fishing with an Application to Stock Enhancement Activities," Land Economics, University of Wisconsin Press, vol. 59(3), pages 279-286.
- J. P. Gould, 1968. "Adjustment Costs in the Theory of Investment of the Firm," Review of Economic Studies, Oxford University Press, vol. 35(1), pages 47-55.