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The effect of temporal closures and individual quotas on fishing trip duration: a hazard function analysis

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  • Angie Hernandez
  • Jorge Dresdner

Abstract

In this article, we assess the effect that two different fishery management regimes have on the duration of the fishing trip. A basic theoretical model predicts that trip duration should increase with temporal closures and decrease with an individual quota system. Therefore, we propose and apply an empirical trip duration model. Estimations are based on data for the pelagic fleet in central-southern Chile. Conforming to the theoretical predictions, the results indicate that temporal closures tend to increase trip duration, whereas individual quotas reduce it. Moreover, the regulatory regimes also affect the magnitude of the impact that other determinants have on trip duration. The results are consistent with increased efficiency in fleet operation under an individual quota system.

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  • Angie Hernandez & Jorge Dresdner, 2010. "The effect of temporal closures and individual quotas on fishing trip duration: a hazard function analysis," Applied Economics, Taylor & Francis Journals, vol. 42(29), pages 3767-3776.
    • Handle: RePEc:taf:applec:v:42:y:2010:i:29:p:3767-3776
    DOI: 10.1080/00036840802360096
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    1. Nélyda Campos & Jorge Dresdner & Carlos Chávez, 2005. "Efectos Diferenciados De Los Sistemas Regulatorios Sobre La Eficiencia Técnica: Caso De La Pesquería Pelágica Del Centro Sur De Chile," Working Papers 05-2005, Departamento de Economía, Universidad de Concepción.
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    1. Mugabe, Douglas & Elbakidze, Levan & Zaynutdinova, Gulnara, 2020. "Investments of publicly traded versus privately held firms: evidence from stranded growth options in the U.S. shale gas industry," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304361, Agricultural and Applied Economics Association.

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