A Limited Economic Assessment of the Northeast Groundfish Fishery Buyout Program

John B. Walden, James E. Kirkley and Andrew W. Kitts


The United States and various European Union nations have used vessel buyout programs to reduce harvesting capacity in fisheries. In this paper, we present an analysis of the U.S. Northeast groundfish vessel buyout program. Using data envelopment analysis (DEA), we calculate capacity for both the fleet and for the vessels removed through the buyout program. Our analysis suggests that if capacity measures had been used to select vessels, both more capacity and more vessels could have been purchased with the funds allocated to the buyout program. We conclude with a discussion of alternative ways to reduce capacity in fisheries. (JEL Q22)

This article requires a subscription to view the full text. If you have a subscription you may use the login form below to view the article. Access to this article can also be purchased.

Purchase access

You may purchase access to this article. This will require you to create an account if you don't already have one.