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

Published online by Cambridge University Press:  28 April 2015

James E. Kirkley ,
John Walden  and
James Waters
James E. Kirkley
Affiliation:
College of William and Mary, Virginia Institute of Marine Science, School of Marine Science, Department of Coastal and Ocean Policy, Gloucester Point, VA
John Walden
Affiliation:
National Oceanic and Atmospheric Administration, National Marine Fisheries Service, Northeast Fisheries Science Center, Woods Hole, MA
James Waters
Affiliation:
National Oceanic and Atmospheric Administration, National Marine Fisheries Service, Center for Coastal Fisheries and Habitat Research, Beaufort, NC
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Abstract

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.

Keywords

capacity utilizationData Envelopment Analysisfishery buyback programsfishing capacityC61D24Q22Q28
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 36 , Issue 2 , August 2004 , pp. 333 - 345
Copyright
Copyright © Southern Agricultural Economics Association 2004

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