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The economics of bycatch resuction devices in regulated fisheries

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  • Alaouze, Chris M.

Abstract

By-catch reduction devices increase the equilibrium population of the by-catch species at every level of effort directed at the target species of fish. Also, cost per unit effort is increased and this reduces effort and profit. It is shown that for effective bycatch reduction devices, the fall in effort makes an unimportant contribution to the increase in the equilibrium population of the by-catch species. Thus, it is concluded that mandatory by-catch reduction devices be introduced at minimum cost. That is, without additional regulations which mainly reduce effort and profit.

Suggested Citation

  • Alaouze, Chris M., 2002. "The economics of bycatch resuction devices in regulated fisheries," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 125051, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare02:125051
    DOI: 10.22004/ag.econ.125051
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    References listed on IDEAS

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    1. Munro, Gordon R. & Scott, Anthony D., 1985. "The economics of fisheries management," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 14, pages 623-676, Elsevier.
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