Table 4.

Elasticity Estimates for the Red King Crab and Snow Crab Fisheries

VariableRed King CrabSnow Crab
Length0.4031 (0.1593, 0.6154)0.4173 (0.0925, 0.7026)
Hp0.0727 (- 0.0297, 0.1818)0.1327 (- 0.0185, 0.2845)
Crew0.3545 (0.1133, 0.5981)0.1462 (- 0.0762, 0.3831)
Pots0.7894 (0.6926, 0.8878)0.8805 (0.8029, 0.9594)
Days0.4693 (0.2645, 0.6629)0.0318 (- 0.0502, 0.1097)
  • Note: The 95% confidence intervals are expressed in parentheses, resulting from 1,000 draws from the parameter variance-covariance matrix using the Krinsky and Robb (1986, 1990) method. Statistically significant elasticities are bold.