RT Journal Article
SR Electronic
T1 Spillovers in Regional Fisheries Management: Do Catch Shares Cause Leakage?
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 344
OP 362
DO 10.3368/le.92.2.344
VO 92
IS 2
A1 Cunningham, Sam
A1 Bennear, Lori S.
A1 Smith, Martin D.
YR 2016
UL http://le.uwpress.org/content/92/2/344.abstract
AB Regional councils manage U.S. fisheries. Fishermen can participate in fisheries managed by multiple councils, and effort controls in one region could lead to effort leakage into another. Theoretical modeling demonstrates that positive, negative, and no leakage are possible. Using difference-in-differences, we test for leakage across regional boundaries for a catch share program in New England and find evidence that the New England groundfish sector program caused spillover into adjacent Mid-Atlantic fisheries. Aggregate Mid-Atlantic harvest volume increased among sector members after the policy change. We find leakage in individual fisheries with similar gear and high market substitutability with sector species. (JEL Q22, Q28)