Improving Efficiency by Assigning Harvest Rights to Fishery Cooperatives : Evidence from the Chignik Salmon Co-op

@inproceedings{Deacon2008ImprovingEB,
  title={Improving Efficiency by Assigning Harvest Rights to Fishery Cooperatives : Evidence from the Chignik Salmon Co-op},
  author={Robert T. Deacon and Dominic P. Parker and Christopher Costello},
  year={2008}
}
During 2002–2004 a voluntary, profit sharing harvesters’ co-operative was allowed to operate in the Chignik Salmon fishery in Alaska. Regulators split the fishery’s total allowable catch between the co-op and independent harvesters. Our economic model predicts that the co-op would centrally coordinate its members’ activities, resulting in more efficient effort deployment than in the independent fleet. Empirical analysis of relevant data supports these predictions. We find that, in contrast to… CONTINUE READING

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