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Measuring fishery profitability: An index number approach

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  • Walden, John B.
  • Kitts, Nolan

Abstract

Tracking the financial well-being of vessels that depend on a marine fishery resource is an important function of regulators. This research demonstrates how simple indices can be constructed and utilized to track the economic well-being of vessels operating in the Northeast (USA) Multispecies (Groundfish) Fishery. The indices, which use both public and private data, can separately track trends in inputs, outputs, and prices. For the Northeast Multispecies Fishery, the indices reveal that the economic well-being of the groundfish fleet has improved under catch share management through gains in productivity.

Suggested Citation

  • Walden, John B. & Kitts, Nolan, 2014. "Measuring fishery profitability: An index number approach," Marine Policy, Elsevier, vol. 43(C), pages 321-326.
    • Handle: RePEc:eee:marpol:v:43:y:2014:i:c:p:321-326
    DOI: 10.1016/j.marpol.2013.07.002
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    References listed on IDEAS

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    1. Balk,Bert M., 2012. "Price and Quantity Index Numbers," Cambridge Books, Cambridge University Press, number 9781107404960.
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    Cited by:

    1. John B. Walden & Min‐Yang Lee & Christopher J. O'Donnell, 2022. "Profits, prices and productivity in a common pool fishery," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(4), pages 1540-1560, August.
    2. Solís, Daniel & Agar, Juan J. & del Corral, Julio, 2015. "IFQs and total factor productivity changes: The case of the Gulf of Mexico red snapper fishery," Marine Policy, Elsevier, vol. 62(C), pages 347-357.
    3. Solis, Daniel & Agar, Juan & del Corral, Julio, 2015. "The impact of IFQs on the productivity of the US Gulf of Mexico Red Snapper Fishery," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196639, Southern Agricultural Economics Association.
    4. Brown, Alistair M., 2015. "A reporting compliance of national Fisheries Authority of Papua New Guinea," Marine Policy, Elsevier, vol. 51(C), pages 196-201.

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