<Back to Chapter 4>

(1) Tingley, Al, Kurt Iverson, and Elaine Dinneford. Changes in the Distribution of Alaska's Commercial Fisheries Entry Permits 1975-1996. Alaska Commercial Fisheries Entry Commission. CFEC 97-2N. Juneau: June, 1997. page 10.

(2) Standard IFQs were calculated by multiplying the numbers of QS by the ratio of the area's total allowable catch to the amount of QS in the area's QS pool on January 31st of the year. This ratio was provided by NMFS-RAM.

(3) Although the 1995 form requested prices "net" of brokers's fees, respondents typically reported their prices in a "gross" form which included brokers' fees.

(4) Specifically, the natural log of the size of the block.

(5) These models are described in Muse, Ben. Regression Analysis of Alaska Halibut and Sablefish QS Prices, 1995-96. CFEC 97-8N. Alaska Commercial Fisheries Entry Commission. Forthcoming.

(6) These conclusions are based on an examination of average differences between estimated area prices across quarters, block size and block status. Averages were calculated for each vessel class in each area.

(7) These conclusions are based on a comparison of the relative estimated prices of QS by vessel category in the first quarter of 1995 and the last quarter of 1996.

(8) As noted earlier, the range of QS holdings that were blocked was based upon the QS pool as of October 17, 1994 and the 1994 TAC for the area. Amounts of QS that would have been worth less than 20,000 pounds of IFQ the 1994 TAC and the October 17, 1994 QS pool was blocked. See 50 CFR 679.40(a).

(9) Although this restriction should be less of a concern since September, 1996, when rules regulations became effective allowing leasing of IFQs separately from QS. These new rules were introduced explicitly to address this problem. FR 61(155): 41523-41526. August 9, 1996.