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

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,

An Economic Analysis of a New Bycatch-reduction Policy in the Gulf of Mexico

This paper examines the ability of a new policy to reduce bycatch of red snapper by the shrimp fishery in the Gulf of Mexico: Fractional License as proposed by Townsend. The policy is evaluated both theoretically and using a simulation model.Keywords: bycatch, fractional license, bycatch reduction devices, heterogeneous fisherme

Ecological, Economic and Policy Alternatives for Texas Rice Agriculture

An interdisciplinary research team, working in collaboration with and under the auspices of the Institute for Science, Technology and Public Policy in the George Bush School of Government and Public Service at Texas A&M University, conducted a two-year research project entitled Ecological, Economic, and Policy Alternatives for Texas Rice Agriculture. This project was sponsored by the Texas Water Resources Institute (TWRI). Principal investigators were Dr. Letitia T. Alston, Dr. Thomas E. Lacher, Dr. R. Douglas Slack, Dr. Arnold Vedlitz, and Dr. Richard T. Woodward. They were assisted by Dr. James C. Franklin, post-doctoral research associate, and the following research assistants: Nicole Canzoneri, April Ann Torres Conkey, Deborah F. Cowman, Jeanine Harris, April Henry, Elizabeth Iennedy, Michelle Irohn, Ielly Mizell, Jill Nicholson, Kelly Tierce, and Yong-Suhk Wui. The objectives of this research were: (1) to develop a reliable first estimate of the environmental consequences of reduction in rice acreage; (2) to analyze economic consequences of changes in rice acreage that may occur due to the changes in the system of price supports; and (3) to critically review existing policy and explore the kinds of institutional arrangements that might be developed to encourage the preservation of the environmental amenities provided by rice farming

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

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