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Effort Reduction under Limited Entry: Attrition versus Fractional Licenses in the Hawaii Longline Fleet
Author(s) -
Townsend Ralph E.,
Pooley Samuel G.
Publication year - 1994
Publication title -
north american journal of fisheries management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.587
H-Index - 72
eISSN - 1548-8675
pISSN - 0275-5947
DOI - 10.1577/1548-8675(1994)014<0297:erulea>2.3.co;2
Subject(s) - transferability , attrition , fishery , fishing , reduction (mathematics) , environmental science , business , incentive , economics , mathematics , microeconomics , biology , medicine , geometry , dentistry
Fishery management that incorporates transferable, fractional licenses is examined as an alternative to the current program of limited permit transferability in the Hawaii longline fishery. Fractional licenses would accomplish the effort reduction that attrition of nontransferable permits was supposed to accomplish in this fishery, but without the inefficiencies, inequities, and uncertainties that have been encountered under the existing program.