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Dynamic Modeling of the Eastern Gulf of Mexico Shrimp Fishery

Author

Listed:
  • Vito J. Blomo
  • John P. Nichols
  • Wade L. Griffin
  • William E. Grant

Abstract

The impact of alternative management schemes on the shrimp fishery of the eastern Gulf of Mexico is analyzed and compared to a baseline using simulation techniques. The fishery's biological and economic functions are modeled including intraseasonal shrimp growth rates, differences in demand for shrimp by size, and a heterogenous fishing fleet. Using consumer and producer surplus techniques, new fishing regulations appear socially optimal compared to the baseline. A rent-maximization scheme increases social surplus to its highest level. However, applying such a scheme to one part of the total Gulf of Mexico shrimp fishery is not recommended.

Suggested Citation

  • Vito J. Blomo & John P. Nichols & Wade L. Griffin & William E. Grant, 1982. "Dynamic Modeling of the Eastern Gulf of Mexico Shrimp Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 475-482.
    • Handle: RePEc:oup:ajagec:v:64:y:1982:i:3:p:475-482.
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    File URL: http://hdl.handle.net/10.2307/1240639
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    Cited by:

    1. Kim, Dae K., 1983. "Energy Substitution In The Gulf Of Mexico Shrimp Fishery," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(2), pages 1-6, December.
    2. Richard T. Woodward & Dhazn Gillig & Wade L. Griffin & Teofilo Ozuna, Jr., 2001. "The Welfare Impacts of Unanticipated Trip Limitations in Travel Cost Models," Land Economics, University of Wisconsin Press, vol. 77(3), pages 327-338.

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