Cooperative Formation and Peer Effects in Fisheries
The economic benefits that arise following the transition to a rights-based fishery management regime accrue on both the extensive and intensive margins. This research explores the changes in fleet composition, economic performance, and coordination that occurred following the introduction of the Be...
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MRE Foundation, Inc.
2014
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Online Access: | https://doi.org/10.1086/676827 |
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ftbioone:10.1086/676827 2024-06-02T08:04:22+00:00 Cooperative Formation and Peer Effects in Fisheries Ronald G. Felthoven Ronald G. Felthoven world 2014-05-06 text/HTML https://doi.org/10.1086/676827 en eng MRE Foundation, Inc. doi:10.1086/676827 All rights reserved. https://doi.org/10.1086/676827 Text 2014 ftbioone https://doi.org/10.1086/676827 2024-05-07T00:51:43Z The economic benefits that arise following the transition to a rights-based fishery management regime accrue on both the extensive and intensive margins. This research explores the changes in fleet composition, economic performance, and coordination that occurred following the introduction of the Bering Sea Crab Rationalization Program. On the extensive margin, we estimate the relative efficiency of vessels within each fishing cooperative to look for potential arbitrage opportunities when selecting which vessels will fish the cooperative's quota allocation. On the intensive margin, we investigate the role of peer effects in facilitating the flow of information within the cooperative. The results support two hypotheses within the red king and snow crab fisheries: (1) the cooperatives which formed appear to have exploited the intracooperative efficiency arbitrage opportunities, and (2) an increase in landings by a fellow cooperative member tends to increase one's own landings, a positive peer effect.JEL Codes: Q22, Q28, D83. Text Bering Sea Snow crab BioOne Online Journals Bering Sea Marine Resource Economics 29 2 133 156 |
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BioOne Online Journals |
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ftbioone |
language |
English |
description |
The economic benefits that arise following the transition to a rights-based fishery management regime accrue on both the extensive and intensive margins. This research explores the changes in fleet composition, economic performance, and coordination that occurred following the introduction of the Bering Sea Crab Rationalization Program. On the extensive margin, we estimate the relative efficiency of vessels within each fishing cooperative to look for potential arbitrage opportunities when selecting which vessels will fish the cooperative's quota allocation. On the intensive margin, we investigate the role of peer effects in facilitating the flow of information within the cooperative. The results support two hypotheses within the red king and snow crab fisheries: (1) the cooperatives which formed appear to have exploited the intracooperative efficiency arbitrage opportunities, and (2) an increase in landings by a fellow cooperative member tends to increase one's own landings, a positive peer effect.JEL Codes: Q22, Q28, D83. |
author2 |
Ronald G. Felthoven |
format |
Text |
author |
Ronald G. Felthoven |
spellingShingle |
Ronald G. Felthoven Cooperative Formation and Peer Effects in Fisheries |
author_facet |
Ronald G. Felthoven |
author_sort |
Ronald G. Felthoven |
title |
Cooperative Formation and Peer Effects in Fisheries |
title_short |
Cooperative Formation and Peer Effects in Fisheries |
title_full |
Cooperative Formation and Peer Effects in Fisheries |
title_fullStr |
Cooperative Formation and Peer Effects in Fisheries |
title_full_unstemmed |
Cooperative Formation and Peer Effects in Fisheries |
title_sort |
cooperative formation and peer effects in fisheries |
publisher |
MRE Foundation, Inc. |
publishDate |
2014 |
url |
https://doi.org/10.1086/676827 |
op_coverage |
world |
geographic |
Bering Sea |
geographic_facet |
Bering Sea |
genre |
Bering Sea Snow crab |
genre_facet |
Bering Sea Snow crab |
op_source |
https://doi.org/10.1086/676827 |
op_relation |
doi:10.1086/676827 |
op_rights |
All rights reserved. |
op_doi |
https://doi.org/10.1086/676827 |
container_title |
Marine Resource Economics |
container_volume |
29 |
container_issue |
2 |
container_start_page |
133 |
op_container_end_page |
156 |
_version_ |
1800748996668424192 |