Abstract:

"The Influence of Crew Remuneration Regimes on Fleet Capacity and Optimal
Fisheries Management"
Jacob LaRiviere

This paper considers the effect of incorporating non-parametric wage
payments to captain and crew on the outcomes of different fisheries
management regimes.  In practice, we rarely observe parametric wages as
crews are paid some function of vessel revenue or profit.  If pay scales
are not parametric it can have important effects on the fleet size under
landing fees, ITQ or vessel licensing fee management regimes.  Further,
the model presented here shows that ITQ management be used in conjunction
with licensing fees or taxes in order to reach a first best outcome in a
non-parametric factor payment setting.  Finally, a model calibrated to
eastern Pacific Albacore fishery data shows a simple example of ITQ-fee
hybrid policy implementation.