Do fishing vessel buyback programs work: A survey of the evidence |
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| Institution: | 1. Management School, University of Liverpool, Chatham Street, Liverpool, L69 7ZH, United Kingdom;2. Duesseldorf Institute for Competition Economics (DICE), University of Duesseldorf, Universitaetsstrasse 1, 40225, Duesseldorf, Germany;3. Department of Economics, University of Bath, Claverton Down, Bath BA2 7AY, United Kingdom;1. Department of Mathematics, Bethune College, Calcutta University, Kolkata 700 006, India;2. Department of Decision Sciences and Management Information Systems, John Molson School of Business, Concordia University, Montreal, QC, Canada H3G 1M8;1. Department of Mathematics, Institute of Engineering & Management, Salt Lake Electronic Complex, Kolkata 700091, West Bengal, India;2. John Molson School of Business, Department of Decision Sciences and MIS, Concordia University, Canada H3G1M8;1. Business Division, Institute of Textiles and Clothing, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong;2. Glorious Sun School of Business and Management, Donghua University, Shanghai, China;1. Alaska Fisheries Science Center, National Marine Fisheries Service, National Oceanographic and Atmospheric Administration, 7600 Sand Point Way NE, Seattle, WA, 98115, USA;2. Fury Group, Inc., 4005 20th Ave W #207, Seattle, WA, 98199, USA;3. University of Rostock, 2 Justus-von-Liebig-Weg, Rostock, 18059, Germany;4. Environmental and Fisheries Sciences Division, Northwest Fisheries Science Center, National Marine Fisheries Service, National Oceanographic and Atmospheric Administration, 7305 Beach Drive East, Port Orchard, WA, 98366, USA;5. North Pacific Fisheries Research Foundation, 4005 20th Ave W, Seattle, WA, 98199, USA |
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| Abstract: | Vessel and license buyback programs are being used increasingly as a tool to reduce overcapacity in fisheries. This paper examines buybacks programs in a number fisheries around the world, in order to evaluate their effectiveness in achieving their objectives. We show that, though the objectives are usually similar, the design of different buyback programs varies widely with important ramifications. Although proper design can improve the performance of buyback programs, we conclude that buyback programs are generally not an effective way to address the problems they are meant to solve. |
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