Buyback Programs: Goals, Objectives, and Industry Restructuring in Fisheries

National Oceanic and Atmospheric Administration Fisheries has conducted several buyback programs to reduce harvesting capacity in fisheries. These programs have attempted to maximize capacity reduction given a fixed budget. However, restructuring issues have not been considered. We explore the possi...

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Bibliographic Details
Published inJournal of agricultural and applied economics Vol. 36; no. 2; pp. 333 - 345
Main Authors Kirkley, James E., Walden, John, Waters, James
Format Journal Article
LanguageEnglish
Published New York, USA Cambridge University Press 01.08.2004
Subjects
Bass
C61
capacity utilization
D24
Data Envelopment Analysis
Efficiency
Estimates
Fisheries
fishery buyback programs
Fishery industry
Fishing
fishing capacity
Invited Paper Sessions
Mathematical programming
Methods
Objectives
Q22
Q28
Q22
Q28
D24
fishery buyback programs
capacity utilization
fishing capacity
Data Envelopment Analysis
C61
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Summary:National Oceanic and Atmospheric Administration Fisheries has conducted several buyback programs to reduce harvesting capacity in fisheries. These programs have attempted to maximize capacity reduction given a fixed budget. However, restructuring issues have not been considered. We explore the possibility of satisfying three different buyback objectives. We examine the black sea bass trap fishery and determine the number of vessels given different allowable catch levels and objectives of maximizing technical efficiency, capacity utilization, and vessels in the fishery. We find considerable variation in the number of vessels allowed to remain in the fishery given the different objectives.
Bibliography:PII:S1074070800026626
ArticleID:02662
ark:/67375/6GQ-XZ5FBG3S-B
istex:A6B74C1F73B0DB690002FD4F1CFA9274B146BFD4
ISSN:1074-0708
2056-7405
1074-0708
DOI:10.1017/S1074070800026626