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Reduction in shrimp bycatch, effort/stock responses based on the elasticity of demand
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    "Increasing unit prices for shrimp have resulted in increased fishing effort for this common property resource. Various studies have indicated that one consequence of increased shrimp harvesting effort is the taking of a significant level of finfish bycatch. Blomo and Nichols (1974) found that four pounds of finfish were landed for every pound of shrimp. A study conducted by Chittendon and McEachran (1976) found a ten to one ratio of finfish to shrimp. Bryan's (1980) finfish to shrimp ratio was three to one. In 1985, Pellegrin, et. ai. found finfish to shrimp ratios that ranged from 2: 1 to 21.1: 1. Although a portion of the bycatch is marketed and con- tributes to the income of shrimp fishermen (crew) or to the profits of the shrimp fish- ing firm (owner), the bycatch is generally not in a form that has market value to the fishermen. This portion of the bycatch is discarded by the shrimp fishermen and is not available for recruitment later into the commercial or recreational finfish fishery (Pellegrin, et. aI., 1985)"--Introduction, paragraph 1.
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