An econometric market model for the Pacific halibut fishery

Citation metadata

Date: June 2006
From: Marine Resource Economics(Vol. 21, Issue 2)
Publisher: The MRE Foundation, Inc.
Document Type: Report
Length: 11,354 words

Document controls

Main content

Abstract :

The Alaska and British Columbia fishery for Pacific halibut has undergone substantial restructuring over the last decade, from a regulated open-access no-holds-barred derby that largely relied on frozen inventories to satisfy market demand, to a slow-paced individual quota-based fishery that has reorganized supply chains to deliver high-quality fresh product throughout a protracted season. We have developed a simultaneous equation model of the markets for Pacific halibut and used simulations based on our model to examine: (i) linkages between harvest and revenue; (ii) ex-vessel price and revenue-induced consequences of the Alaska IFQ program; (iii) likely ex-vessel price and revenue effects of the proposed elongation of the halibut season; and (iv) potential effects of the emergence of competing supplies from halibut aquaculture. Key words Pacific halibut, market econometric model, ITQs, halibut farming. JEL Classification Codes C3, Q2.

Source Citation

Source Citation   

Gale Document Number: GALE|A212209903