Department of Fisheries Oceanography / SMAST seminar - September 20, 2017 - Min-Yang Lee
When: Wednesday,
September 20, 2017
3:30 PM
-
4:30 PM
Where: > See description for location
Description: Department of Fisheries Oceanography
Fishery Management, Prices, and Revenues in the Atlantic Sea Scallop IFQ Fishery
Min-Yang Lee
Northeast Fisheries Science Center
Wednesday, September 20, 2017
3:30 pm - 4:30 pm
SMAST E, Room 101/102
836 South Rodney French Boulevard, New Bedford, MA
Individual Fishing Quotas (IFQs) are generally thought to increase ex-vessel prices, largely by ending the “race to fish.†The Atlantic Sea Scallop fishery implemented an IFQ in 2010 for a small portion of the fishery. Prior to the IFQ program, the General Category (GC) fleet received slightly higher prices than the Limited Access (LA) fleet. During the transitional phase-in to the IFQ program, the IFQ fleet received moderately lower prices. After the IFQ program was implemented, the IFQ fleet received prices that were approximately fifty cents higher per pound. We use econometric methods from the policy analysis literature to examine the effects of the IFQ program on prices and ex-vessel value. Our findings suggest many small changes combined to produce this effect. We find that the GC vessels received higher prices for large scallops compared to the LA vessels; this premia turned into a discount during the transition period, and partially re-emerged during the IFQ regime. Second, we find that the IFQ fishery shifted its output mix slightly towards larger sized scallops. Finally, the simple law of demand explains a portion of the outcome for the IFQ fishery: market prices are lower on days with high landings.
To access the live broadcasting you will have to login as smast@umassd.edu with the password: smastumassd
The link to the login is:
https://echo360.org/home
Don't forget to click on I am not a robot.
After login you will have to click on ALL CLASSES (MAR 700 - 01 - DEOS Seminar or MAR 700 - 02 - DFO Seminar) and click on the green LIVE streaming.
To view a video of an SMAST seminar (post-October 1, 2014), go to http://www.umassd.edu/smast/newsandevents/seminarseries/ and click on a highlighted title.
For more information, please contact cfox@umassd.edu
Fishery Management, Prices, and Revenues in the Atlantic Sea Scallop IFQ Fishery
Min-Yang Lee
Northeast Fisheries Science Center
Wednesday, September 20, 2017
3:30 pm - 4:30 pm
SMAST E, Room 101/102
836 South Rodney French Boulevard, New Bedford, MA
Individual Fishing Quotas (IFQs) are generally thought to increase ex-vessel prices, largely by ending the “race to fish.†The Atlantic Sea Scallop fishery implemented an IFQ in 2010 for a small portion of the fishery. Prior to the IFQ program, the General Category (GC) fleet received slightly higher prices than the Limited Access (LA) fleet. During the transitional phase-in to the IFQ program, the IFQ fleet received moderately lower prices. After the IFQ program was implemented, the IFQ fleet received prices that were approximately fifty cents higher per pound. We use econometric methods from the policy analysis literature to examine the effects of the IFQ program on prices and ex-vessel value. Our findings suggest many small changes combined to produce this effect. We find that the GC vessels received higher prices for large scallops compared to the LA vessels; this premia turned into a discount during the transition period, and partially re-emerged during the IFQ regime. Second, we find that the IFQ fishery shifted its output mix slightly towards larger sized scallops. Finally, the simple law of demand explains a portion of the outcome for the IFQ fishery: market prices are lower on days with high landings.
To access the live broadcasting you will have to login as smast@umassd.edu with the password: smastumassd
The link to the login is:
https://echo360.org/home
Don't forget to click on I am not a robot.
After login you will have to click on ALL CLASSES (MAR 700 - 01 - DEOS Seminar or MAR 700 - 02 - DFO Seminar) and click on the green LIVE streaming.
To view a video of an SMAST seminar (post-October 1, 2014), go to http://www.umassd.edu/smast/newsandevents/seminarseries/ and click on a highlighted title.
For more information, please contact cfox@umassd.edu
Contact: > See Description for contact information
Topical Areas: University Community, Lectures and Seminars, SMAST