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Individual fishing quotas in the eastern Gulf of Mexico grouper fishery: fleet restructuring, effort reduction and cost savings

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  • Weninger, Quinn

Abstract

This paper estimates a structural model of multiple-species harvesting costs in the eastern Gulf of Mexico reef fish fishery. The calibrated model is used to predict fleet size, vessel-level harvesting activity and fleet-wide revenues and costs that are expected under a proposed individual fishing quota (IFQ) management program for grouper species. Results suggest that significant fleet downsizing, scale economies and pure efficiency gains will emerge under IFQs. Overall, IFQs appear to be an attractive alternative to the current controlled access management program in the fishery.

Suggested Citation

  • Weninger, Quinn, 2008. "Individual fishing quotas in the eastern Gulf of Mexico grouper fishery: fleet restructuring, effort reduction and cost savings," ISU General Staff Papers 200805150700001163, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:200805150700001163
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    Cited by:

    1. Christopher Hansman & Jonas Hjort & Gianmarco León, 2015. "Firm's response and unintended health consequences of industrial regulations," Economics Working Papers 1469, Department of Economics and Business, Universitat Pompeu Fabra.

    More about this item

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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