Article
Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-parametric Analysis
Environmental and Resource Economics
Document Type
Article
Disciplines
Publication Version
Submitted Manuscript
Publication Date
12-1-2008
DOI
10.1007/s10640-008-9203-2
Abstract
This paper uses a semi-parametric empirical model to estimate the economic benefits of adopting a property rights-based management program in the Gulf of Mexico grouper fishery. The analysis predicts that a rights-based fleet will be comprised of fewer, more cost efficient boats than under the current controlled access management program. Results indicate that in the year of our data, 1993, the smaller, more productive fleet could harvest the allowable reef fish catch at a cost saving of $2.92–$7.07 million, 12–30% less than under controlled access management. Recent tightening of controlled access regulations suggest that the benefits from management reform could be even larger in the current day fishery.
Copyright Owner
Springer Science+Business Media B.V.
Copyright Date
2008
Language
en
File Format
application/pdf
Citation Information
Quinn Weninger. "Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-parametric Analysis" Environmental and Resource Economics Vol. 41 Iss. 4 (2008) p. 479 - 497 Available at: http://works.bepress.com/quinn-weninger/24/
This working paper was published in Environ Resource Econ (2008) 41: 479. doi:10.1007/s10640-008-9203-2. Posted with permission.