Year: 2009
Type: report
Abstract: Many EU fisheries have problems with depleted stocks and fleet overcapacity following from\nregulated open access regimes. Some EU countries have introduced Individual Vessel Quotas\n(IVQs), which can stop the race to catch and provide the fishers with incentives to minimize\ncosts for a given catch. We model an IVQ fishery using a cost function approach and apply\nthe methodology to the Swedish cod fishery in the Baltic Sea. We estimate a translog cost\nfunction for a data set of Swedish trawlers and assess the potential gains from a structural\nadjustment of the fleet. Results suggest potential cost savings of SEK 140 millions and a\ndesirable fleet reduction of 25% for the Swedish Baltic Sea cod fishery.
Author: Håkan Eggert
Language: English
Subfield: Aquatic Science
Domain: Life Sciences
Open Access status: green
OpenAlex ID: W1549028203