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Effects of the Share Remuneration System on Fisheries Management Targets and Rent Distribution ArchiMer
Guillen, Jordi; Macher, Claire; Merzereaud, Mathieu; Boncoeur, Jean; Guyader, Olivier.
Most fisheries worldwide remunerate their crew with a share system, where crew receive a part of the revenues or a part of the revenues less costs, rather than a fixed wage. Although labor is one of the main costs in fisheries and the share remuneration system has a strong influence on firm behavior and its economic performance, little attention has been paid it. In a share remuneration system, crew salaries can significantly increase when the economic performance of a vessel improves. This allows the crew to capture part of the fisheries rent. Bioeconomic analyses are performed for the Bay of Biscay nephrops fishery on main management targets. Results confirm the importance of considering a share system compared to a fixed remuneration system in vessel...
Tipo: Text Palavras-chave: Remuneration systems; Share remuneration; Lay system; MSY; MEY; Open access; Bioeconomic modeling; Nephrops.
Ano: 2015 URL: https://archimer.ifremer.fr/doc/00260/37086/35593.pdf
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Choice of Remuneration Regime in Fisheries: The Case of Hawaii’s Longline Fisheries AgEcon
Nguyen, Quang; Leung, PingSun.
One of the most prominent features of remuneration in Hawaii’s longline fisheries industry has been the norm of share contract regimes. This paper investigates whether the use of the share contract regime is positively correlated to increased economic returns. The principal-agent framework is applied to develop a theoretical model for the remuneration choice. Empirical estimation is conducted using a switching regression model that accounts for the effects of certain vessel characteristics on revenue, depending on remuneration regime used (i.e., share contract or flat wage), as well as the potential selection bias in the vessels’ contractual choice. Key findings from counterfactual simulations indicate: (a) a negative selection related to choosing share...
Tipo: Journal Article Palavras-chave: Commercial fisheries; Crew shares; Hawaii; Incentive systems; Labor contracts; Lay system; Longline fisheries; Remuneration regime; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/57625
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