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Bycatch Control in Multispecies Fisheries: A Quasi‐rent Share Approach to the Bering Sea/Aleutian Islands Midwater Trawl Pollock Fishery
Author(s) -
Larson Douglas M.,
House Brett W.,
Terry Joseph M.
Publication year - 1998
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1244063
Subject(s) - bycatch , fishery , pollock , revenue , oceanography , fishing , business , biology , geology , finance
“Optimal” bycatch rules and quota share price estimates are derived from a multispecies production technology model of the factory trawler fleet targeting on midwater pollock in the Bering Sea/Aleutian Islands region of the North Pacific Ocean. Data routinely collected by federal and state fisheries officials on catch and revenue by species, week, and operation are used to identify the aggregate restricted quasi‐rent function for the fishery by estimating the associated system of inverse demands for species quotas. The model is estimated using data for the 1991 and 1992 seasons, and separability and nonjointness of the technology are tested for and rejected.