Limited-Entry Licensing: Insights from a Duration Model

Posted: 6 Jul 2004

See all articles by Martin D. Smith

Martin D. Smith

Duke University - Nicholas School of the Environment

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Abstract

Limited entry is used to manage many fisheries. Effectiveness depends on a program's ability to control aggregate fishing power, which fleet size and composition both affect. This article analyzes fleet composition and attrition in a limited-entry fishery, the California red sea urchin fishery. It explores the dynamics of heterogeneity in catch and revenue and applies duration analysis to study individual fisherman attrition using both individual-level and time-varying covariates. The results show that the fleet is becoming more homogenous but also more potent and spatially mobile. Regulations such as size limits and season restrictions tend to increase attrition.

Keywords: Duration, entry-exit, fleet heterogeneity, limited-entry fishery

Suggested Citation

Smith, Martin D., Limited-Entry Licensing: Insights from a Duration Model. Available at SSRN: https://ssrn.com/abstract=556842

Martin D. Smith (Contact Author)

Duke University - Nicholas School of the Environment ( email )

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