Input Use and Incentives in the Caribbean Shrimp Fishery: The Case of the Trinidad and Tobago Fleet

Input Use and Incentives in the Caribbean Shrimp Fishery: The Case of the Trinidad and Tobago Fleet

Primary Country: Trinidad and Tobago
Ecosystem: species
Sample Value Estimates:
(a) US$/kg 4.46 mean monly price of artisanal shrimp trawl for year 2000 (b) US$/kg 4.20 mean monly price of artisanal shrimp trawl for year 2001 (c) US$/kg 3.88 mean monly price of artisanal shrimp trawl for year 2002 (d) US$/kg 3.68 mean monly price of artisanal shrimp trawl for year 2003 (e) US$/kg 4.05 average mean monthly price for artisanal shrimp trawl for yrs 2000-2003 (e) US$/kg .61 average mean monthly price for artisanal bycatch for years 2001-03 (f) US$/kg 4.64 average mean monthly price for semi-industrial shrimp trawl for yrs 2000-2003 (g) US$/kg .71 average mean monthly price for semi-industrial bycatch for years 2001-03 (h) US$/kg 4.03 average mean monthly price for industrial shrimp trawl for yrs 2000-2003 (i) US$/kg .81 average mean monthly price for industrial bycatch for years 2001-03
Methodology: nonhomothetic Leontief functional form, Hotelling’s Lemma
Region: Americas

Publication information

Hutchinson, S. “Input Use and Incentives in the Caribbean Shrimp Fishery: The Case of the Trinidad and Tobago Fleet” Marine Resource Economics 23: 345-360, 2008

Addtional Notes

 

"The estimated model suggests that, as expected, the behavior of the different fleet types in the Trinidad and Tobago shrimp fishery is varied. Changes in the nominal prices obtained for the different fleets suggest that fishers may be harvesting smaller, less valuable shrimp over time. Effort is seen as an important determinant in the overall landings of both shrimp and bycatch. While normally seen in a negative way, shrimp fishers are landing significant portions of bycatch and will land even more bycatch as effort increases. The relative price elasticities of shrimp and bycatch do not appear to have any impact on the landings of either species." p. 357-58 

 

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