Translator Disclaimer
1 September 2012 The Economic Effects of Catch Share Management: The Rhode Island Fluke Sector Pilot Program
ANDREW M. SCHELD
Author Affiliations +
Abstract

In 2009, Rhode Island implemented a pilot catch share program around summer flounder, or fluke, a state-managed species that is jointly harvested with the Northeast Multispecies groundfish complex. A sector was given a fluke allocation to land when they wished, while the rest of the fleet was managed through sub-seasonal total harvest caps and daily trip limits. Sector members avoided fluke landings during seasonal fluke derbies, instead shifting landings to post-derby closures in the general fishery, when the price was higher. However, they also affected prices of species they targeted instead. We combine predictions of counterfactual 2009 daily landings by sector vessels with a panel model of trip-level ex-vessel prices for 25 products targeted by the groundfish fleet to project what revenues would have been in the absence of the sector program. We find the pilot program increased fleetwide revenues by over $800,000, including benefits of over $250,000 to non-sector vessels.

JEL Classification Codes: Q22, Q58

ANDREW M. SCHELD "The Economic Effects of Catch Share Management: The Rhode Island Fluke Sector Pilot Program," Marine Resource Economics 27(3), 203-228, (1 September 2012). https://doi.org/10.5950/0738-1360-27.3.203
Published: 1 September 2012
JOURNAL ARTICLE
26 PAGES

This article is only available to subscribers.
It is not available for individual sale.
+ SAVE TO MY LIBRARY

Share
SHARE
KEYWORDS
Catch shares
individual fishing quota
New England groundfish
race-to-fish
sector management
RIGHTS & PERMISSIONS
Get copyright permission
Back to Top