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How Do Catch Shares Benefit Crewmembers?

by Shawn Regan

In many ways, according to new research on the Bering Sea crab fishery published in the current issue of Marine Resource Economics. Joshua Abbott, co-author of the study with James Wilen and Brian Garber-Yonts, has the details at EDFish. Here’s one snippet:

The seasonal pay of crew has increased substantially. The analysis found that the median crew member on king crab vessels earned 66% more in a season than in prior seasons while approximately 87% of crew saw their wage rise.

Abbott also notes that the daily “wage” of crewmembers rose by 12% after catch shares were implemented. Read the full account here. Also related: see Donald Leal’s recent summary on how property rights have evolved in marine fisheries for perspective.

Comments

  1. Roy alexander says:

    This theory is totally bankrupt.
    It doesnt account for crewmembers displaced or the
    eventual fact that these rights owners can lower wages as they please when the crews have no shares.
    Catch shares without principles have ruined wages for BC crews.