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Optimum Effort and Rent Distribution in the Gulf of Mexico Shrimp Fishery

Author

Listed:
  • Wade L. Griffin
  • Ronald D. Lacewell
  • John P. Nichols

Abstract

Traditional methods used to estimate fishing effort that maximizes rent to an open access resource have almost universally assumed all costs are directly proportional to effort. When crews receive a fixed share of gross returns, labor costs are proportional to catch; hence, rent accrues to crews as well as vessel owners under limited entry. A model that allowed costs to be proportional to effort and catch was applied to the Gulf of Mexico shrimp fishery. This study indicates that traditional analysis would result in management schemes that overtax vessels and ignore rent accruing to crews.

Suggested Citation

  • Wade L. Griffin & Ronald D. Lacewell & John P. Nichols, 1976. "Optimum Effort and Rent Distribution in the Gulf of Mexico Shrimp Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(4_Part_1), pages 644-652.
    • Handle: RePEc:oup:ajagec:v:58:y:1976:i:4_part_1:p:644-652.
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    File URL: http://hdl.handle.net/10.2307/1238807
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    Cited by:

    1. Jennifer Gee & Dario Pinello & Konstantinos Polymeros, 2017. "Drivers of Labor-Related Indicators across Diverse Mediterranean Fisheries," Sustainability, MDPI, vol. 9(11), pages 1-16, November.
    2. Akbar Marvasti & Sami Dakhlia, 2021. "Minimum information management and price‐abundance relationships in a fishery," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(4), pages 491-518, December.
    3. Monette, Marcel, 1986. "L’Économique des pêcheries : une revue de la littérature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(2), pages 289-305, juin.
    4. Schwoerer, Tobias & Knowler, Duncan & Garcia-Martinez, Salvador, 2016. "The value of whale watching to local communities in Baja, Mexico: A case study using applied economic rent theory," Ecological Economics, Elsevier, vol. 127(C), pages 90-101.

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