Estimated Impacts of Texas Closure Regulation on Ex-Vessel Prices and Value, 1981 and 1982

摘要

The area seaward of the Territorial Sea off the Coast of Texas was closed to shrimp fishing concurrently with the closure by Texas of their Teritorial Sea from May 25 through July 14, 1982. The NMFS also monitored various aspects of the closure regulation's effects during and immediately following the 1982 period and the purpose of this report is to present the analytical findings regarding the closure's effects on ex-vessel prices and value. The report also provides the estimated effects of the 1981 closure regulation for the twelve-month period beginning in May and ending in April 1982. The theoretical rationale supporting this analysis is a straightforward result of shrimp being a 'normal' good in which the demand for a product is inversely related to its prices.