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Effect of Stock Size and Regulations on Fishing Industry Cost and Structure: The Surf Clam Industry

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  • Douglas W. Lipton
  • Ivar E. Strand

Abstract

Fishing costs are dependent on the size of the fish stock and regulations. Changes in these factors alter the equilibrium industry structure. In a multiproduct fishery, it is not possible to generalize how a reduction in industry catch will be accomplished, through a reduction in catch per vessel or in the number of vessels. Multiproduct cost functions are estimated for the Atlantic clam fishery. Simulations reveal that optimal harvest would be achieved with an increase in the number of vessels and a decrease in the catch per vessel of surf clams and an increase in the catch of ocean quahogs.

Suggested Citation

  • Douglas W. Lipton & Ivar E. Strand, 1992. "Effect of Stock Size and Regulations on Fishing Industry Cost and Structure: The Surf Clam Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(1), pages 197-208.
    • Handle: RePEc:oup:ajagec:v:74:y:1992:i:1:p:197-208.
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    File URL: http://hdl.handle.net/10.2307/1243004
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    Cited by:

    1. Sean Pascoe & Phoebe Koundouri & Trond Bjørndal, 2007. "Estimating Targeting Ability in Multi-Species Fisheries: A Primal Multi-Output Distance Function Approach," Land Economics, University of Wisconsin Press, vol. 83(3), pages 382-397.
    2. Tom Kompas & Tuong Nhu Che, 2003. "Efficiency Gains and Cost Reductions from Individual Transferable Quotas: A Stochastic Cost Frontier for," International and Development Economics Working Papers idec03-6, International and Development Economics.
    3. Carsten Lynge Jensen, 2000. "Output Substitution in a Regulated Fishery," Working Papers 7/00, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.

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