Economic Benefits of Management Reform in the Northern Gulf of Mexico
Controlled access management in the northern Gulf of
Mexico commercial reef fish fishery has not achieved
key management objectives.
We estimate the economic benefits of replacing controlled
access with tradable harvest permits. Results suggest
that eliminating market gluts
caused by periodic seasonal closures could have raised
revenues by $3.206m in 1993, the year of our data.
Eliminating per-trip catch limits and seasonal
closures could have reduced harvest costs by $8.078m.
The total 1993 potential benefits, at $11.284m, suggest
property rights-based management is an
attractive alternative for the northern Gulf reef fish
Source: Weninger, Q. and J.R. Waters. 2003. “Economic benefits
of management reform in the Northern Gulf of Mexico reef fish fishery.” Journal
of Environmental Economics and Management, 46(2): 207-230.
For more information, please contact: Jim.Waters@noaa.gov