Article thumbnail

ECONOMIC EFFICIENCY OF ALTERNATIVE BYCATCH-REDUCTION POLICIES AND BYCATCH REDUCTION DEVICES

By Yong-Suhk Wui, Richard T. Woodward and Wade L. Griffin

Abstract

This paper examines the ability of two new policies to reduce bycatch of red snapper by the shrimp fishery in the Gulf of Mexico: Fractional License and Fractional Gear Programs, as proposed by Townsend, reduce bycatch by reducing the effort levels of shrimp vessels. The policies are evaluated both theoretically and using a simulation model, and they are compared with the current regulatory policy requiring shrimp vessels to use bycatch reduction devices to rebuild red snapper stocks. We find that either a FL program or a FG program could reduce effort and the related problem of bycatch resulting in improving red snapper stocks, while at the same time increasing economic welfare in the fishery.Resource /Energy Economics and Policy,

OAI identifier:
Downloaded from http://purl.umn.edu/20063

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.

Suggested articles

Citations

  1. (2001). A Bio-Economic Assessment of Gulf of Mexico Red Snapper Management Policies.
  2. (1979). A Bioeconomic Model for Gulf of Mexico Shrimp
  3. (1981). A General Bioeconomic Simulation Model for Annual-Crop Marine Fisheries. Ecological Modeling 13:195-219.
  4. (1994). A Global Assessment of Fisheries Bycatch and Discards.
  5. (2003). A Simulation Model of License Buyback in the Texas Bay Shrimp Fishery.
  6. (1995). Agency. The Kyoto Declaration and Plan of Action - Fisheries Agency, The Government of Japan,
  7. An Economic Analysis of Texas Shrimp Season Closures.” Marine Fisheries Review 54(May 1993):21-28.
  8. (2002). An Integrated Economic Analysis of Alternative Bycatch, Commercial, and Recreational Policies for the Recovery of
  9. (1978). Bioeconomic Modeling of the Gulf Shrimp Fishery: An Application to Galveston Bay and Adjacent Offshore Areas.
  10. (2001). Bycatch in Commercial Fishing. Department of Fisheries. Available at : http://www.fish.wa.gov.au/hab/broc/bycatch/.
  11. (1997). Bycatch management and the economics of discarding.
  12. (1995). Code of Conduct for Responsible Fisheries.
  13. (1989). Conceptual Constructs for Practical ITQ Management Policies. Rights Based Fishing.
  14. (1995). Cooperative research program addressing finfish bycatch in the Gulf of Mexico and South Atlantic shrimp fisheries:” a report to Congress,
  15. (2002). Council for the Exploration of the Sea). “The
  16. (2003). Council. “Options Paper for Amendment Number 14 to Fishery Management Plan for the Shrimp Fishery of the Gulf of Mexico, U.S. Waters with Environmental Assessment Regulatory Impact Review, Initial Regulatory Flexibility Analysis,
  17. (1991). Evaluation of the Economic Impacts of Turtle Excluder Devices (TEDs) on the Shrimp Production Sector in the Gulf of Mexico.”
  18. (1992). Executive Office of the President.
  19. Fractional Licenses: An Alternative to License BuyBacks.”
  20. Fractional Licensing Program for
  21. (1995). Management regimes in Ocean Fisheries.”
  22. (2003). New South Wales Fisheries. Ocean Prawn Trawl. available at http://www.fisheries.nsw.gov.au/commercial/oceanpt.htm,
  23. (1998). Shrimp Ex-Vessel Prices Landed from the Gulf of Mexico.
  24. The Effects of the Pot Reduction in the South Australia Southern Zone Rock Lobster Fishery.”