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Limited-Entry Licensing: Insights from a Duration Model

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  • Martin D. Smith

Abstract

Limited entry is used to manage many fisheries. Effectiveness depends on a program's ability to control aggregate fishing power, which fleet size and composition both affect. This article analyzes fleet composition and attrition in a limited-entry fishery, the California red sea urchin fishery. It explores the dynamics of heterogeneity in catch and revenue and applies duration analysis to study individual fisherman attrition using both individual-level and time-varying covariates. The results show that the fleet is becoming more homogenous but also more potent and spatially mobile. Regulations such as size limits and season restrictions tend to increase attrition. Copyright 2004, Oxford University Press.

Suggested Citation

  • Martin D. Smith, 2004. "Limited-Entry Licensing: Insights from a Duration Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(3), pages 605-618.
    • Handle: RePEc:oup:ajagec:v:86:y:2004:i:3:p:605-618
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    File URL: http://hdl.handle.net/10.1111/j.0002-9092.2004.00604.x
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    Cited by:

    1. Yamazaki, Satoshi & Resosudarmo, Budy P. & Girsang, Wardis & Hoshino, Eriko, 2018. "Productivity, Social Capital and Perceived Environmental Threats in Small-Island Fisheries: Insights from Indonesia," Ecological Economics, Elsevier, vol. 152(C), pages 62-75.
    2. Kuluppuarachchi, Mahesha K. & Sun, Changyou & Gordon, Jason S. & Grebner, Donald L. & Munn, Ian A. & Yang, Jia, 2021. "The length and determinants of forestland ownerships in Mississippi from 1999 to 2019," Forest Policy and Economics, Elsevier, vol. 129(C).
    3. Amy Ando & Wallapak Polasub, 2009. "The political economy of state-level adoption of natural resource damage programs," Journal of Regulatory Economics, Springer, vol. 35(3), pages 312-330, June.
    4. Kiyama, Shoichi & Yamazaki, Satoshi, 2022. "Product switching and efficiency in a declining small-scale fishery," Ecological Economics, Elsevier, vol. 193(C).
    5. Brent, Daniel A. & Ren, Yongwang & Wrenn, Douglas H., 2024. "Flood Risk and Property Market," 2024 Annual Meeting, July 28-30, New Orleans, LA 343651, Agricultural and Applied Economics Association.

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