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A Model of Fishery Harvests with a Voluntary Co-op

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  • Deacon, Robert T
  • Costello, Christopher J
  • Parker, Dominic P

Abstract

We present a preliminary model of the within-season behavior of a fishery regulated by a total allowable catch constraint and season closure. An individual's catch depends on where he/she deploys effort and on the effort deployment decisions of other harvesters such that catch per unit effort is greater when effort is deployed before others have contacted the stock. Individual harvesters are allowed, voluntarily, to join a profit sharing co-operative that is allocated a share of the TAC commensurate with its effort capacity. The co-op centrally allocates the effort deployment decisions of all members. Non-joiners fish independently. We find that the co-op will coordinate effort in order to: fish the maximum amount of time the stock is available, concentrate effort among its most efficient members and harvest at the closest feasible distance to port. All independent harvesters will deploy effort at the maximum feasible rate until its TAC share is filled and will deploy effort at the maximum distance that yields positive profit. Harvesters joining the co-op will be the least efficient operators in the fishery.

Suggested Citation

  • Deacon, Robert T & Costello, Christopher J & Parker, Dominic P, 2008. "A Model of Fishery Harvests with a Voluntary Co-op," University of California at Santa Barbara, Economics Working Paper Series qt5hf9269r, Department of Economics, UC Santa Barbara.
    • Handle: RePEc:cdl:ucsbec:qt5hf9269r
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    References listed on IDEAS

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    1. Costello, Christopher J & Deacon, Robert T, 2007. "The Efficiency Gains from Fully Delineating Rights in an ITQ Fishery," University of California at Santa Barbara, Economics Working Paper Series qt56n8x9qb, Department of Economics, UC Santa Barbara.
    2. Deacon, Robert T & Costello, Christopher J, 2007. "Strategies for Enhancing Rent Capture in ITQ Fisheries," University of California at Santa Barbara, Economics Working Paper Series qt4104b329, Department of Economics, UC Santa Barbara.
    3. Deacon, Robert T & Parker, Dominic P. & Costello, Christopher J, 2008. "Improving Efficiency by Assigning Harvest Rights to Fishery Cooperatives: Evidence From the Chignik Salmon Co-op," University of California at Santa Barbara, Economics Working Paper Series qt1cv9s0v9, Department of Economics, UC Santa Barbara.
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    Cited by:

    1. Keith Evans & Quinn Weninger, 2014. "Information Sharing and Cooperative Search in Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(3), pages 353-372, July.

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