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6 May 2014 Cooperative Formation and Peer Effects in Fisheries
Ronald G. Felthoven
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Abstract

The economic benefits that arise following the transition to a rights-based fishery management regime accrue on both the extensive and intensive margins. This research explores the changes in fleet composition, economic performance, and coordination that occurred following the introduction of the Bering Sea Crab Rationalization Program. On the extensive margin, we estimate the relative efficiency of vessels within each fishing cooperative to look for potential arbitrage opportunities when selecting which vessels will fish the cooperative's quota allocation. On the intensive margin, we investigate the role of peer effects in facilitating the flow of information within the cooperative. The results support two hypotheses within the red king and snow crab fisheries: (1) the cooperatives which formed appear to have exploited the intracooperative efficiency arbitrage opportunities, and (2) an increase in landings by a fellow cooperative member tends to increase one's own landings, a positive peer effect.

JEL Codes: Q22, Q28, D83.

© 2014 MRE Foundation, Inc. All rights reserved.
Ronald G. Felthoven "Cooperative Formation and Peer Effects in Fisheries," Marine Resource Economics 29(2), 133-156, (6 May 2014). https://doi.org/10.1086/676827
Received: 17 July 2013; Accepted: 1 February 2014; Published: 6 May 2014
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KEYWORDS
cooperative formation
Fishery cooperatives
information sharing
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