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An Economic Analysis of Spiny Lobster Production by Individual Firms at Optimum Stock Levels

Published online by Cambridge University Press:  28 April 2015

Fred J. Prochaska  and
Joel S. Williams
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Extract

Spiny lobster (Panulirus argus) landings in Florida increased from 1.9 million pounds in 1954 to 6.6 million pounds in 1974 [1], a gain of 239 percent. Florida landings currently account for 94 percent of U.S. spiny lobster landings. Total Florida spiny lobster landings have declined since 1974 for two reasons. First, prohibition of Florida fishermen from lobster fishing on the Bahamian continental shelf reduced landings considerably. Florida landings declined approximately 3.5 million pounds between 1974 and 1975, mainly because of the loss of the domestic landings which were caught in Bahamian waters. Second, domestic landings from Florida waters appear to have reached a maximum in 1974 and have since remained relatively stable or declined slightly.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 10 , Issue 2 , December 1978 , pp. 93 - 100
Copyright
Copyright © Southern Agricultural Economics Association 1978

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References

[1]Fisheries of the United States. Current Fishery Statistics, NMFS, U.S. Department of Commerce, Washington, D.C, annual issues.Google Scholar
[2]U.S. Congress. Fishery Conservation and Management Act of 1976. 94th Congress, PL 94-265, Washington, D.C, 13 April 1970.Google Scholar
[3]Williams, Joel S. “An Economic Analysis of Alternative Management Strategies for the Spiny Lobster Industry,” unpublished Ph.D. dissertation, University of Florida, 1976.Google Scholar
[4]Williams, Joel S. and Prochaska, Fred J.. “Maximum Economic Yield and Resource Allocation in the Spiny Lobster Industry,” Southern Journal of Agricultural Economics, Volume 9, Number 1, 1977, pp. 145–149.Google Scholar