publication . Article . 2017

The social cost of fishery subsidy reforms

José-María Da-Rocha; Javier García-Cutrín; Raúl Prellezo; Jaume Sempere;
Open Access
  • Published: 01 Jan 2017
  • Publisher: Marine Policy
  • Country: Spain
Abstract
This paper analyzes the impact of reducing fisheries subsidies in a general equilibrium model for a fishery with heterogeneous vessels. It considers the impact of the stock effect, which determines the participation of vessels in a likely increased stock abundance. In equilibrium, the productivity of the fleet is endogenous as it depends on the stock of fish along the equilibrium path. The model concludes that any impact of a subsidy drop will depend on the stock effect. If that effect is large, fishing firms will benefit from the stock recovery and the elimination of the subsidy will increase future returns on investment. The model is particularised to industri...
Persistent Identifiers
Subjects
free text keywords: 5312.01 Agricultura, Silvicultura, Pesca, 5312.01 Agricultura, Silvicultura, Pesca, Economics and Econometrics, Aquatic Science, Law, Management, Monitoring, Policy and Law, General Environmental Science, Marginal product, Fishing, Fishery, Subsidy, Inequality, media_common.quotation_subject, media_common, Sustainability, Economics, Social cost, General equilibrium theory, Stock Recovery
Funded by
EC| MINOUW
Project
MINOUW
Science, Technology, and Society Initiative to minimize Unwanted Catches in European Fisheries
  • Funder: European Commission (EC)
  • Project Code: 634495
  • Funding stream: H2020 | RIA
Validated by funder
Communities
Fisheries and Aquaculture ManagementFAM Projects: Science, Technology, and Society Initiative to minimize Unwanted Catches in European Fisheries
European Marine ScienceMarine Environmental Science: Science, Technology, and Society Initiative to minimize Unwanted Catches in European Fisheries
SDSN - GreeceSustainable Development Projects: Science, Technology, and Society Initiative to minimize Unwanted Catches in European Fisheries
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