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A Double Hurdle Model of Preferences for a Proposed Capacity Reduction Program in the Atlantic Shark Fishery

Author

Listed:
  • Musengezi, Jessica D.
  • Rossi, Frederick J.
  • Larkin, Sherry L.

Abstract

The Atlantic shark fishery is considered to be overcapitalized. One approach to capacity management is the purchase and permanent retirement of fishing vessels, fishing permits, or both under voluntary buyback programs. Representatives of the commercial shark fishery have proposed such an approach to manage the overcapacity in their fishery in the Gulf of Mexico and Atlantic regions. This program would allow owners to submit willingness-to-accept (WTA) bids for their permits and vessels. This study uses econometric modeling to explain the potential participation and bid amounts from a survey of permit owners.

Suggested Citation

  • Musengezi, Jessica D. & Rossi, Frederick J. & Larkin, Sherry L., 2006. "A Double Hurdle Model of Preferences for a Proposed Capacity Reduction Program in the Atlantic Shark Fishery," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35361, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaso:35361
    DOI: 10.22004/ag.econ.35361
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    References listed on IDEAS

    as
    1. Larkin, Sherry L. & Keithly, Walter R., Jr. & Adams, Charles M. & Kazmierczak, Richard F., Jr., 2004. "Buyback Programs for Capacity Reduction in the U.S. Atlantic Shark Fishery," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(2), pages 1-16, August.
    2. Larkin, Sherry L. & Keithly, Walter & Adams, Charles M. & Kazmierczak, Richard F., 2004. "Buyback Programs for Capacity Reduction in the U.S. Atlantic Shark Fishery," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 36(2), pages 317-332, August.
    3. Cragg, John G, 1971. "Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods," Econometrica, Econometric Society, vol. 39(5), pages 829-844, September.
    4. Mabiso, Athur & Sterns, James A. & House, Lisa & Wysocki, Allen F., 2005. "Estimating Consumers' Willingness-To-Pay for Country-Of-Origin Labels in Fresh Apples and Tomatoes: A Double-Hurdle Probit Analysis of American Data Using Factor Scores," 2005 Annual meeting, July 24-27, Providence, RI 19418, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. repec:ags:joaaec:v:36:y:2004:i:2:p:317-332 is not listed on IDEAS
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