Volume 52
Implications of Optional Effort Reductions in the Florida Commercial Spiny Lobster Fishery
Authors
Milon, J.W.; Larkin, S.L.; Ehrhardt, N. Download PDF Open PDF in BrowserOther Information
Date: November, 1999
Pages: 313-326
Event: Proceedings of the Fifty Second Annual Gulf and Caribbean Fisheries Institute
City: Key West, Florida
Country: USA
Abstract
An integrated bioeconomic analysis - using altemative surplus production and harvesting cost functions - provided a range of effort that would maximize economic yield in the Florida commercial spiny lobster fishery. Despite a 35% trap reduction since 1992, when a transferable harvest rights program was implemented, effort remains too high and trap certificates appear undervalued. It is unlikely that the optimal effort level will be achieved under the existing program given the lack of a reduction goal, prolonged reduction approach, and waning support for the program from delayed benefits. A comprehesive long range management plan is needed to reap the benefits - economic and environmental - that were predicted and desired from the trap certificate program.