Market effects of catch share management: the case of New England multispecies groundfish

• DOI: 10.1093/icesjms/fsu001
• Publication Date: 2014-03-06T03:19:29Z
• Authors: Andrew M. Scheld; Christopher M. An...
• Keywords: Groundfish; Market share; Baseline (sea)

Abstract In 2010, management of New England multispecies groundfish transitioned from input restrictions on harvester effort to collective rights-based management. Faced with a large reduction in harvesting days, 432 active vessels, representing 98% historical landings, joined one the 17 sectors allocated catch shares. The incentives presented under sector management, combined regulations several separately managed, revenue-important species, led changes harvest strategies and timing landings for both many other species targeted by vessels. Temporally modified altered exvessel market mix range throughout fishing year, significantly affecting prices received as well annual revenues. Two counterfactual individual landings' scenarios 25 are independent fixed effects models inverse dealer demand estimating revenue shares during their first year. Aggregate gains over $30 000 were found result advantageous brought more flexible share