Dynamic and Spatial Welfare Changes from the Impact of Menhaden Fishery Conservation Plans on the US Atlantic Coast
Keyword(s):
The Us
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Impacts from proposed conservation plans in the US Atlantic menhaden industry are examined in this paper. The regulations have been proposed because of concerns that fishing pressure has been too intense on juvenile menhaden. The impacts are examined by the use of a bioeconomic model in which a time-dynamic and geography-specific framework is employed. The results indicate that a shorter fishing season would redistribute the existing pattern of catches and income. The whole industry would experience a net gain but the gainers and losers are clearly delineated spatially and temporally.