Fishery buy back programmes and economic welfare

Fishery buy‐back programmes reduce the availability to the industry of certain inputs used in the harvesting process, thereby increasing fishing costs and reducing the amount of effort applied to the fishery. The reduction in effort generates an economic benefit which must be weighed against the inc...

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Bibliographic Details
Published in:Australian Journal of Agricultural Economics Vol. 33; no. 1; pp. 20 - 31
Main Author: Campbell, Harry F.
Format: Journal Article
Language:English
Published: Oxford, UK Blackwell Publishing Ltd 01.04.1989
Australian Agricultural Economics Society
Subjects:
Costs
Efficiency
Fisheries
Licences
Limited entry
Mathematical models
Tasmanian rock lobster fishery
Welfare economics
ISSN:0004-9395, 1467-8489
Online Access:Get full text
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Summary:Fishery buy‐back programmes reduce the availability to the industry of certain inputs used in the harvesting process, thereby increasing fishing costs and reducing the amount of effort applied to the fishery. The reduction in effort generates an economic benefit which must be weighed against the increased costs. The paper develops an economic model of a buy‐back programme which can be used to estimate the effect of the programme on economic welfare. The model is applied to the Tasmanian rock lobster fishery.
Bibliography:Australian Journal of Agricultural Economics, v.33, no.1, Apr 1989: 20-31
This paper was written while I was on studv leave at the Universirv of Western Australia. i am grateful to Professor R. K. Lindner and members of the Aenculiural Economics Semina for helpful comments.
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ISSN:0004-9395
1467-8489
DOI:10.1111/j.1467-8489.1989.tb00478.x