Abstract
This paper estimates the fishing costs and the returns to fishing for nine commercial salmon fleets in Alaska. The econometric model uses a twostage least squares estimation procedure to estimate the effect of congestion and heterogeneity on the returns to fishermen. The hypotheses that fishermen are homogenous and that there is no congestion externality present in the fisheries are strongly rejected. The data indicates that fishermen are quite heterogeneous in fishing skill levels. This difference accounts for the overall estimates of positive net returns to the common property fisheries. Estimates of the net returns to the fisheries suggest that the returns to different gear types vary largely. The set net fleets are found to have the highest return as a percentage of total revenues.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
