Quinn Weninger and Rajesh Singh, both associate professors in economics, estimated harvesting costs under the old system and compared that to the newly proposed fishing regulations that lift many restrictions that cause inefficiency while still limiting amounts to be harvested.
Their analysis focused on the Pacific Groundfish fishery, which manages fishing in waters off the Northwest coast of the United States, and found the Groundfish fleet could save between $18 million (€13 million) and $22 million (€15.9 million) annually under the new regulatory system.
The
