Loading...
Price Flexibility Analysis of Virginia Hard Clams: Economic Considerations for Management of the Fishery
Kvaternik, Andre C. DuPaul, William D. Murray, Thomas J.
Kvaternik, Andre C.
DuPaul, William D.
Murray, Thomas J.
Abstract
Price flexibility coefficients estimated for ex-vessel prices of Virginia hard clams indicate a very small (4.292 x 10-6 to 6.994 x 10-6%) decrease in price would occur given a 1% increase in the quantity supplied by Virginia harvesters. Data used were monthly landings of Virginia, New York, New Jersey, Rhode Island, Maryland and North Carolina over the period 1960-1979. Fifty-eight percent of the ex-vessel price changes are not explained by the supply response model used, suggesting other market and consumer demand factors play a large role in determining ex-vessel price. This conclusion is reached considering the historical range of production 1n Virginia. Possible legislative changes to aid the fishery are: (1) Allowing the use of efficient harvesting technologies on private leased bottom, (2) Consider seasonal use of efficient harvesting technologies to take advantage of seasonal peaks in ex-vessel prices, (3) Institute a new statistical reporting system that reports the catch/day of each harvester and the proportion of each market grade caught, (4) Establishment of subaqueous bottom ar1~as specifically for the field culture of hard clams, and (5) Set and 1~nforce a minimum legal cull size.
Description
Date
1983
Journal Title
Journal ISSN
Volume Title
Publisher
Collections
Download Dataset
Files
Loading...
sramsoe266ocr.pdf
Adobe PDF, 1.46 MB
Rights Holder
Usage License
Embargo
Research Projects
Organizational Units
Journal Issue
Keywords
Research and Technical Reports
Special Reports in Applied Marine Science and Ocean Engineering (SRAMSOE), Shellfish, Fisheries, Virginia
Citation
Advisor
Department
Virginia Institute of Marine Science
DOI
https://doi.org/10.21220/V5MB25