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Muse, Ben. 1990. "Permit Values and Dynamic Stocks." A paper presented at the workshop on "Exploring a
Multidisciplinary Approach to Fisheries Management Research" held in Fairbanks, Alaska on October 2, 1990. Alaska
Commercial Fisheries Entry Commission. October, 1990. 13pp.
Abstract:
This paper presents a simulation of a 25% hypothetical increase in pink salmon production in Southeastern
Alaska. The increase causes a fall in the price of pink salmon both in Southeastern Alaska and the rest of the state. Using
an estimated price flexibility of -0.82, gross earning and limited entry permit values increase in Southeastern Alaska, while
gross earnings and limited entry permit values decrease in the rest of the state where production is assumed to remain
unchanged. Statewide fishing earnings increase, and the increase in permit values in Southeastern Alaska more than offset
decreases in permit values in the rest of the state. These forecasts are made using permit pricing models previously
developed by the author.