The welfare effects of the 2010 transition from Days-at-Sea to catch share management in the Northeast U.S. groundfish fishery are examined by combining a model of groundfish demand with a simulation-based model of supply. Counterfactual supply is constructed based on the Days-at-Sea system that...

In 2010, the Northeast groundfish fishery transitioned from an effort-control system (Days-at-Sea) to an output-control system (catch shares). Simultaneously, a large decrease in aggregate catch was imposed in order to achieve biological objectives. This research examines the welfare effects of...

An experimental fishing vessel buyout program was initiated in 1995 to remove vessels from the Northeast United States groundfish fishery. Information provided by the applicants to this program was used to evaluate the likely participation and potential cost of an expanded buyout initiative....

In this paper a bioeconomic simulation of the U.S. fisheries for silver hake, Merluccius bilinearis, is presented. The model design combines elements of age-structured population and harvest yield models with economics of the silver hake fishery. The analysis evaluates both biological and...