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University of Washington

1. Solberg, Lange. Implications of Dual Permit Regulation on the Market Values of Limited Entry Permits in the Bristol Bay Salmon Drift Gillnet Fishery.

Degree: 2018, University of Washington

In 2003, a regulation allowing two drift salmon permits to actively fish on one fishing vessel was adopted by the Alaska Board of Fisheries. This thesis aims to determine whether the new dual permit regulation impacted the market values for buyers and sellers of limited entry salmon permits beyond inherent noise in the permit price data by estimating a difference-in-differences (DiD) model. I compare monthly average permit prices between the treatment fishery, Bristol Bay, and two control fisheries, Prince William Sound and Area M. I also account for exogenous drivers of fishermen’s perceptions of discounted future profits by controlling for exvessel prices, sockeye salmon run forecasts, and harvests in the DiD regression. Initial results indicate a 51.3% decrease in Bristol Bay permit prices occurred after the regulation was enacted. This result is statistically significant. The model proved to be extremely sensitive to sockeye salmon run forecasts in particular, however; and running the regression without this variable and others create drastically different outcomes that are not statistically significant. The analysis can be improved by future work refining control variables to more accurately reflect the information fishermen have about future profitability in the fishery. Advisors/Committee Members: Jardine, Sunny (advisor).

Subjects/Keywords: Bristol Bay; commercial fisheries; fisheries access; limited entry; permits; regulation; Public policy; Environmental economics; Environmental management; Marine affairs

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Solberg, L. (2018). Implications of Dual Permit Regulation on the Market Values of Limited Entry Permits in the Bristol Bay Salmon Drift Gillnet Fishery. (Thesis). University of Washington. Retrieved from http://hdl.handle.net/1773/42446

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Solberg, Lange. “Implications of Dual Permit Regulation on the Market Values of Limited Entry Permits in the Bristol Bay Salmon Drift Gillnet Fishery.” 2018. Thesis, University of Washington. Accessed August 18, 2018. http://hdl.handle.net/1773/42446.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Solberg, Lange. “Implications of Dual Permit Regulation on the Market Values of Limited Entry Permits in the Bristol Bay Salmon Drift Gillnet Fishery.” 2018. Web. 18 Aug 2018.

Vancouver:

Solberg L. Implications of Dual Permit Regulation on the Market Values of Limited Entry Permits in the Bristol Bay Salmon Drift Gillnet Fishery. [Internet] [Thesis]. University of Washington; 2018. [cited 2018 Aug 18]. Available from: http://hdl.handle.net/1773/42446.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Solberg L. Implications of Dual Permit Regulation on the Market Values of Limited Entry Permits in the Bristol Bay Salmon Drift Gillnet Fishery. [Thesis]. University of Washington; 2018. Available from: http://hdl.handle.net/1773/42446

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

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