Turtle Excluder Device Regulation and Shrimp Harvest: The Role of Behavioral and Market Responses

Mukherjee, Zinnia; Segerson, Kathleen

doi:10.5950/0738-1360-26.3.173

Cited by 13 publications

(7 citation statements)

References 15 publications

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“…Bycatch avoidance is privately costly, and, therefore, providing incentives to incur avoidance costs can be an effective management tool (Bisack and Sutinen (2006), Segerson (2011), Mukherjee andSegerson (2011), andPascoe et al, (2010)). Economic incentives for bycatch avoidance in cap-and-trade management programs, as we show, depend crucially on fish quota and bycatch permit prices.…”

Section: Related Literaturementioning

confidence: 99%

Cap-and-trade Bycatch Management with Costly Avoidance and Stock Uncertainty

Singh

Weninger

2015

Marine Resource Economics

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Regulations to reduce bycatch of non-marketed marine species often impose gear restrictions, reductions in harvest of the target species, and/or spatial and temporal closures of the fishing ground. These regulations can exact significant social costs in commercial fisheries. We evaluate performance of a cap-and-trade bycatch management policy. Harvest of a target fish species, costly avoidance of the bycatch species, and harvesting efficiency are examined in a stochastic production environment with and without at-sea observability of bycatch, and with and without trade in harvest quotas and bycatch caps. Our results suggest that precise implementation of a socially optimal management plan is possible only if bycatch is observable and trade in fish quotas and bycatch cap is frictionless. Conditions exist in which quota/permit trading raises bycatch relative to a no-trade environment. The results offer useful guidance for designing cap-and-trade bycatch management programs. KeywordsCap-and-trade bycatch management, costly bycatch avoidance, uncertainty BioOne (www.bioone.org) is a nonprofit, online aggregation of core research in the biological, ecological, and environmental sciences. BioOne provides a sustainable online platform for over 170 journals and books published by nonprofit societies, associations, museums, institutions, and presses.Your use of this PDF, the BioOne Web site, and all posted and associated content indicates your acceptance of BioOne's Terms of Use, available at www.bioone.org/page/terms_of_use.Usage of BioOne content is strictly limited to personal, educational, and non-commercial use. Commercial inquiries or rights and permissions requests should be directed to the individual publisher as copyright holder. Cap-and-trade Bycatch Management with Costly Avoidance and Stock UncertaintyRajesh Singh and Quinn Weninger, Iowa State University A B S T R A C TRegulations to reduce bycatch of non-marketed marine species often impose gear restrictions, reductions in harvest of the target species, and/or spatial and temporal closures of the fishing ground. These regulations can exact significant social costs in commercial fisheries. We evaluate performance of a cap-and-trade bycatch management policy. Harvest of a target fish species, costly avoidance of the bycatch species, and harvesting efficiency are examined in a stochastic production environment with and without at-sea observability of bycatch, and with and without trade in harvest quotas and bycatch caps. Our results suggest that precise implementation of a socially optimal management plan is possible only if bycatch is observable and trade in fish quotas and bycatch cap is frictionless. Conditions exist in which quota/permit trading raises bycatch relative to a no-trade environment. The results offer useful guidance for designing cap-andtrade bycatch management programs.

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Section: Related Literaturementioning

confidence: 99%

Cap-and-trade Bycatch Management with Costly Avoidance and Stock Uncertainty

Singh

Weninger

2015

Marine Resource Economics

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“…Beyond the potential negative effects of hypoxia, the Gulf shrimp fisheries have experienced other external shocks (e.g., Hurricane Katrina, the Deepwater Horizon incident), increased competition from imported (mostly farmed) shrimp (80% of the U.S. market is imports despite the large domestic fishery), rising fuel costs (shrimp trawling is fuel-intensive), and environmental regulations that increase costs (Mukherjee and Segerson 2011;Asche et al 2012). The fishery is regulated with limited entry, gear restrictions, and some seasonal closures.…”

Section: Empirical Application-the Gulf Of Mexico Brown Shrimp Fisherymentioning

confidence: 99%

Spatial-dynamics of Hypoxia and Fisheries: The Case of Gulf of Mexico Brown Shrimp

Asche¹,

Bennear²,

Øglend³

2014

Marine Resource Economics

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We analyze the Gulf of Mexico brown shrimp fishery and the potential impacts of a large seasonal area of hypoxia (low dissolved oxygen) that coincides with the peak shrimp season.A spatial-dynamic bioeconomic simulation embeds three biological impacts on shrimp: mortality, growth, and aggregation on hypoxic edges. Hypoxia creates feedbacks in the bioeconomic system, altering catch and effort patterns. System changes propagate over space to affect areas that do not experience hypoxia. Areas that might otherwise be considered controls in a natural experiments framework are contaminated by the ecological disturbance through spatial sorting. Aggregate predictions from simulations are similar to empirical fishery data. Average shrimp size and total landings are negatively correlated, as are hypoxic severity and landings. Shrimp size and hypoxic severity are only weakly negatively correlated. Growth overfishing, which varies with recruitment success and with ecological disturbances, is a key mediating effect. JEL Code Q22.

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“…Much of this consumption comes from imported farm-raised shrimp, as the U.S. has developed into the world's largest shrimp import market (Anderson, 2003). In 1980, domestic shrimp had a 43% market share, but that share declined to 12% by 2001 (Mukherjee and Segerson 2011). In spite of the declining market share, the U.S. still maintains a large wild shrimp fishery with 80% caught in the Gulf of Mexico (Mukherjee and Segerson 2011).…”

Section: Introductionmentioning

confidence: 99%

“…In 1980, domestic shrimp had a 43% market share, but that share declined to 12% by 2001 (Mukherjee and Segerson 2011). In spite of the declining market share, the U.S. still maintains a large wild shrimp fishery with 80% caught in the Gulf of Mexico (Mukherjee and Segerson 2011).…”

Section: Introductionmentioning

confidence: 99%

“…For U.S. shrimp fishermen, hypoxia-most notably the seasonal dead zone in the Gulf of Mexico-has been a reoccurring phenomenon that potentially influences aggregation, production, and the size distribution of shrimp (Craig 2011;Huang, Smith, and Craig, 2010;Huang et al 2011). Hurricanes Katrina and Rita caused significant shrimp supply disruptions through destruction of shrimp vessels and processing facilities (Buck 2005), while rising fuel prices are particularly costly for wild-caught shrimp because trawling is fuel-intensive (Ran, Keithly, Kazmierczak 2011), Moreover, costs of complying with the U.S. requirement for shrimp trawlers to use Turtle Excluder Devices decreased domestic supply (Mukherjee and Segerson 2011). The degree of market integration affects how these environmental and economic stressors affect prices.…”

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U.S. Shrimp Market Integration

2011

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Recent supply shocks in the Gulf of Mexico-including hurricanes, the Deepwater Horizon oil spill, and the seasonal appearance of a large dead zone of low oxygen water (hypoxia)-have raised concerns about the economic viability of the U.S. shrimp fishery. The ability for U.S. shrimpers to mediate supply shocks through increased prices hinges on the degree of market integration, both among shrimp of different sizes classes and between U.S. wild caught shrimp and imported farmed shrimp. We use detailed data on shrimp prices by size class and import prices to conduct a co-integration analysis of market integration in the shrimp industry. We find significant evidence of market integration, suggesting that the law of one price holds for this industry. Hence, in the face of a supply shocks, prices do not rise and instead imports of foreign farmed fish increase. JEL: Q22Keywords: seafood trade, market integration, environmental shocks Acknowledgments: Financial support for this research was provided by the National Oceanic and Atmospheric Administration Grant# 2162501 and by the Research Council of Norway. The authors thank Jim Nance for providing the U.S. shrimp data and for helpful discussions. 2 U.S. Shrimp Market IntegrationAbstract: Recent supply shocks in the Gulf of Mexico-including hurricanes, the Deepwater Horizon oil spill, and the seasonal appearance of a large dead zone of low oxygen water (hypoxia)-have raised concerns about the economic viability of the U.S. shrimp fishery. The ability for U.S. shrimpers to mediate supply shocks through increased prices hinges on the degree of market integration, both among shrimp of different sizes classes and between U.S. wild caught shrimp and imported farmed shrimp. We use detailed data on shrimp prices by size class and import prices to conduct a co-integration analysis of market integration in the shrimp industry. We find significant evidence of market integration, suggesting that the law of one price holds for this industry. Hence, in the face of a supply shocks, prices do not rise and instead imports of foreign farmed fish increase. JEL: Q22

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Turtle Excluder Device Regulation and Shrimp Harvest: The Role of Behavioral and Market Responses

Cited by 13 publications

References 15 publications

Cap-and-trade Bycatch Management with Costly Avoidance and Stock Uncertainty

Cap-and-trade Bycatch Management with Costly Avoidance and Stock Uncertainty

Spatial-dynamics of Hypoxia and Fisheries: The Case of Gulf of Mexico Brown Shrimp

U.S. Shrimp Market Integration

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