Does Factor Mobility Matter? A General Equilibrium Analysis of a Fishery Rationalization

Details

• Journal Title:
  Marine Resource Economics
• Personal Author:
  Seung, C.K.
• NOAA Program & Office:
  NMFS (National Marine Fisheries Service) ; AFSC (Alaska Fisheries Science Center)
• Description:
  Previous studies have used theoretical general equilibrium or empirical computable general equilibrium models to analyze the economic and welfare effects of fishery rationalization, adopting a simplistic assumption regarding factor mobility. This study relaxes the simplistic assumption and considers more possibilities of mobility when assessing the effects of rationalization using a computable general equilibrium model for the Gulf of Alaska groundfish trawl fishery. Results demonstrate that the effects of rationalization vary significantly across different factor mobility assumptions, suggesting that the effects computed based on the simplistic assumption could mislead fishery managers.
• Keywords:
  Computable General Equilibrium Models Fisheries Computable General Equilibrium Models Factor Mobility Rationalization
• Source:
  Marine Resource Economics 2024 39:2, 123-144
• DOI:
  https://doi.org/10.1086/728701
• Format:
  PDF
• Document Type:
  Journal Article
• Rights Information:
  Accepted Manuscript
• Compliance:
  Submitted
• Main Document Checksum:
  urn:sha-512:c5b82bbf16f2d5b8cb9ee5abb5fba8bfd39d91d9b8758c912bd0b0e5e270a0581f723938c841017432e0edca8e44150695740d00a710158f9065f3b75f515c7f
• Download URL:
  https://repository.library.noaa.gov/view/noaa/61869/noaa_61869_DS1.pdf
• File Type:
  [PDF - 390.72 KB ]