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The Effects of Buy-Back Programs in the British Columbia Salmon Fishery

Author

Listed:
  • R. Quentin Grafton

    (Australian National University, Asia Pacific School of Economics and Government)

  • Harry W. Nelson

Abstract

Policymakers have implemented five distinct buybacks of either vessels or salmon licenses over the past three decades in the British Columbia (BC) salmon fishery. The earliest buyback was one of the first of its kind in any fishery and the most recent buyback is one of the largest ever in terms of reducing vessel numbers and the funds used. This paper reviews the circumstances under which these buybacks were conducted with an emphasis on their impact on reducing fishing capacity and effort. The focus is on the two most recent buybacks that took place in 1996 and 1998-2000, what has been learned and what they have achieved.

Suggested Citation

  • R. Quentin Grafton & Harry W. Nelson, 2005. "The Effects of Buy-Back Programs in the British Columbia Salmon Fishery," Economics and Environment Network Working Papers 0505, Australian National University, Economics and Environment Network.
    • Handle: RePEc:anu:eenwps:0505
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    Cited by:

    1. R. Quentin Grafton & Ragnar Arnason & Trond Bjorndal & David Campbell & Harry F. Campbell & Colin W. Clark & Robin Connor & Diane P. Dupont & Rognvaldur Hannesson & Ray Hilborn & James E. Kirkley & To, 2005. "Incentive-based approaches to sustainable fisheries (now replaced by EEN0508)," Economics and Environment Network Working Papers 0501, Australian National University, Economics and Environment Network.
    2. Stefan Ambec & Alexis Garapin & Laurent Muller & Arnaud Reynaud & Carine Sebi, 2014. "Comparing Regulations to Protect the Commons: An Experimental Investigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(2), pages 219-244, June.
    3. Elizabeth A Fulton & Anthony D M Smith & David C Smith & Penelope Johnson, 2014. "An Integrated Approach Is Needed for Ecosystem Based Fisheries Management: Insights from Ecosystem-Level Management Strategy Evaluation," PLOS ONE, Public Library of Science, vol. 9(1), pages 1-16, January.

    More about this item

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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