An Econometric Market Model for Alaska Sablefish

• Main Authors: Warpinski, Stephanie, Herrmann, Mark, Criddle, Keith R., Greenberg, Joshua
• Format: Conference Object
• Language: English; unknown
• Published: North American Association of Fisheries Economists
• Subjects: Fisheries > Economic aspects > Congresses; Sustainable fisheries > Congresses; Alaska; Aleutian Islands
• Online Access: https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/ms35t9562

Sablefish (Anoplopoma fimbria) are distributed from Japan to Baja California. Alaska is the world’s principal supplier of sablefish with the majority of commercial landings occurring in the Gulf of Alaska and the Aleutian Islands. This demersal, long-lived fish is in one of Alaska’s highest value commercial fisheries. In terms of both export and ex-vessel prices; the total value of the sablefish fishery is comparable to that of the Pacific halibut fishery. Although sablefish came to be managed under IFQs at the same time as halibut, the outcomes of IFQ implementation in this fishery have not received as much as attention as in the halibut fishery. We have developed a simultaneous equation market model for sablefish and used simulations to examine linkages between harvests, prices and revenues. KEYWORDS: Fisheries economics, Catch Shares, Quotas & Market Power, Seafood Markets/Trade