ECONOMIC EFFICIENCY OF ALTERNATIVE BYCATCH-REDUCTION POLICIES AND BYCATCH REDUCTION DEVICES

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dc.creatorWui, Yong-Suhk
dc.creatorWoodward, Richard T.
dc.creatorGriffin, Wade L.
dc.date2017-04-01T19:37:00Z
dc.date.accessioned2026-07-09T03:29:56Z
dc.descriptionThis paper examines the ability of two new policies to reduce bycatch of red snapper by the shrimp fishery in the Gulf of Mexico: Fractional License and Fractional Gear Programs, as proposed by Townsend, reduce bycatch by reducing the effort levels of shrimp vessels. The policies are evaluated both theoretically and using a simulation model, and they are compared with the current regulatory policy requiring shrimp vessels to use bycatch reduction devices to rebuild red snapper stocks. We find that either a FL program or a FG program could reduce effort and the related problem of bycatch resulting in improving red snapper stocks, while at the same time increasing economic welfare in the fishery.
dc.identifierdoi:10.22004/ag.econ.20063
dc.identifierhttps://ageconsearch.umn.edu/record/20063/files/sp04wu04.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/20063
dc.identifier.urihttp://hdl.handle.net/123456789/533593
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/20063
dc.titleECONOMIC EFFICIENCY OF ALTERNATIVE BYCATCH-REDUCTION POLICIES AND BYCATCH REDUCTION DEVICES
dc.typeText

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