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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Online Access: | https://doi.org/10.1086/676827 |
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ftrepec:oai:RePEc:ucp:mresec:doi:10.1086/676827 2023-05-15T15:43:43+02:00 Cooperative Formation and Peer Effects in Fisheries Ronald G. Felthoven Jean Lee Kurt E. Schnier https://doi.org/10.1086/676827 unknown http://dx.doi.org/10.1086/676827 article ftrepec https://doi.org/10.1086/676827 2020-12-04T13:37:41Z 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 intra-cooperative 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. Article in Journal/Newspaper Bering Sea Snow crab RePEc (Research Papers in Economics) Bering Sea Marine Resource Economics 29 2 133 156 |
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Open Polar |
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RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
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 intra-cooperative 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. |
format |
Article in Journal/Newspaper |
author |
Ronald G. Felthoven Jean Lee Kurt E. Schnier |
spellingShingle |
Ronald G. Felthoven Jean Lee Kurt E. Schnier Cooperative Formation and Peer Effects in Fisheries |
author_facet |
Ronald G. Felthoven Jean Lee Kurt E. Schnier |
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 |
url |
https://doi.org/10.1086/676827 |
geographic |
Bering Sea |
geographic_facet |
Bering Sea |
genre |
Bering Sea Snow crab |
genre_facet |
Bering Sea Snow crab |
op_relation |
http://dx.doi.org/10.1086/676827 |
op_doi |
https://doi.org/10.1086/676827 |
container_title |
Marine Resource Economics |
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29 |
container_issue |
2 |
container_start_page |
133 |
op_container_end_page |
156 |
_version_ |
1766377912722784256 |