Rights‐Based Management and Alaska Pollock Processors' Supply

14 Pages Posted: 28 Apr 2020

Date Written: August 2008

Abstract

Using data from the Alaska pollock fishery, this study investigates the link between the implementation of rights‐based management and processors' price‐responsiveness in a multiproduct fishery. The analysis is based on cointegration with structural breaks to provide empirical evidence of a change in the long‐run relationship between processors' production, product prices, and whole fish deliveries. The results indicate that the endogenously determined structural breaks happened near the time when this fishery implemented individual fishing quotas. Furthermore, the estimation of the cointegrating vector indicates that the processors of this fishery are significantly more price‐responsive after the change in management.

Keywords: cointegration, rights-based management, structural breaks

Suggested Citation

Fell, Harrison, Rights‐Based Management and Alaska Pollock Processors' Supply (August 2008). American Journal of Agricultural Economics, Vol. 90, Issue 3, pp. 579-592, 2008, Available at SSRN: https://ssrn.com/abstract=3584675 or http://dx.doi.org/10.1111/j.1467-8276.2008.01140.x

Harrison Fell (Contact Author)

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