Do Catch Shares Increase Prices? Evidence from US Fisheries

Birkenbach, Anna M.; Kaczan, David J.; Smith, Martin D.; Ardini, Greg; Holland, Daniel S.; Lee, Min-Yang; Lipton, Doug; Travis, Michael D.

doi:10.1086/725010

i

Do Catch Shares Increase Prices? Evidence from US Fisheries

Public Domain

2023
By Birkenbach, Anna M. ; Kaczan, David J. ; Smith, Martin D. ; ...

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Journal Title:

Marine Resource Economics
Personal Author:

Birkenbach, Anna M. ; Kaczan, David J. ; Smith, Martin D. ; Ardini, Greg ; Holland, Daniel S. ; Lee, Min-Yang ; Lipton, Doug ; Travis, Michael D.
NOAA Program & Office:

NMFS (National Marine Fisheries Service)
Description:

Rights-based management of fishery resources theoretically allows firms to minimize the cost of extraction without the threat that other harvesters will take their allocations, but added flexibility also allows firms to exploit revenue margins such that firms balance potential revenue gains with potential cost savings. Using two approaches, difference-in-differences with an index of seafood prices and synthetic control, we test for revenue gains in 39 US fisheries that adopted market-based regulations and find mixed evidence of price increases. Species with price increases tend to have viable fresh markets or other features that discourage gluts, whereas species with price decreases plausibly have more to gain on the cost side or are part of a multispecies complex with a higher-value species experiencing a price increase.
Keywords:

Economics And Econometrics Geography, Planning And Development Management, Monitoring, Policy And Law Oceanography Economics And Econometrics Geography, Planning And Development Management, Monitoring, Policy And Law Economics And Econometrics Geography, Planning And Development Management, Monitoring, Policy And Law
Source:

Marine Resource Economics, 38(3), 203-228
DOI:

https://doi.org/10.1086/725010
ISSN:

0738-1360 ; 2334-5985
Format:

PDF
Publisher:

University of Chicago Press
Document Type:

Journal Article
Rights Information:

Accepted Manuscript
Compliance:

Submitted
Main Document Checksum:

urn:sha256:9ad4576540331d6a8f82fdc01f1ae479d49250f1fce0bf685fcc16d9cfddcbc8
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https://repository.library.noaa.gov/view/noaa/51170/noaa_51170_DS1.pdf
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[PDF - 5.83 MB ]

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