In May 1991. the Alaska Senate's Special Committee on Domestic and International Commercial Fisheries initiated the first review of the state's salmon enhancement program since its inception 20 years ago. As part of this review, a cost/benefit analysis of the State's enhancement program for...

This paper estimates the fishing costs and the returns to fishing for nine commercial salmon fleets in Alaska. The econometric model uses a two-stage least squares estimation procedure to estimate the effect of congestion and heterogeneity on the returns to fishermen. The hypotheses that...