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Transferable Rights of Recreational Fishery: An Application to Red Snapper Fishery in the Gulf of Mexico

Author

Listed:
  • Kim, Hwa Nyeon
  • Woodward, Richard T.
  • Griffin, Wade L.

Abstract

Transferable rights (TRs) programs are being increasingly considered in fisheries to overcome current overfishing situation. This paper will focus on developing a conceptual foundation, investigating advantages of the TRs program in fishery management, and answering critical issues to implement recreational TRs programs. Implication is to the Gulf of Mexico red snapper fishery.

Suggested Citation

  • Kim, Hwa Nyeon & Woodward, Richard T. & Griffin, Wade L., 2005. "Transferable Rights of Recreational Fishery: An Application to Red Snapper Fishery in the Gulf of Mexico," 2005 Annual meeting, July 24-27, Providence, RI 19261, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19261
    DOI: 10.22004/ag.econ.19261
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    References listed on IDEAS

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    2. Morgan, GR, 1995. "Optimal fisheries quota allocation under a transferable quota (TQ) management system," Marine Policy, Elsevier, vol. 19(5), pages 379-390, September.
    3. Montero, Juan-Pablo & Sanchez, Jose Miguel & Katz, Ricardo, 2002. "A Market-Based Environmental Policy Experiment in Chile," Journal of Law and Economics, University of Chicago Press, vol. 45(1), pages 267-287, April.
    4. J. H. Dales, 1968. "Land, Water, and Ownership," Canadian Journal of Economics, Canadian Economics Association, vol. 1(4), pages 791-804, November.
    5. 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.
    6. Krishna, Vijay, 2009. "Auction Theory," Elsevier Monographs, Elsevier, edition 2, number 9780123745071.
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