Abstract The Pacific Halibut Catch Sharing Plan formalized the process for allocating halibut between the Alaska commercial and recreational charter sectors. It included a new program intended to allow for “flexibility” through inter-sectoral trading, permitting charter operators to lease commercial halibut pounds to relax client harvest restrictions. Here we evaluate the first two years of lease market activity and participation. Participation from some commercial quota holders in the lease market suggests that the program provided beneficial flexibility; in fact, the number of transfers to the charter sector was greater than transfers within the commercial sector for some quota types. We also identified a high proportion of self-leasers. However, transfers to the charter sector were on average smaller than within-sector commercial transfers, and total poundage leased by the charter sector was low compared with commercial transfers. Usage of leased quota by the recreational charter sector enables the harvest of larger fish or additional fish, and provides flexibility in catch composition on halibut closure days. Finally, the value-per-pound may be higher in the charter sector, as commercial-to-charter transfer prices approached the commercial ex-vessel price.

中文翻译：

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阿拉斯加商业大比目鱼配额的休闲租赁：阿拉斯加 GAF 计划的早期

摘要 太平洋大比目鱼渔获量共享计划使阿拉斯加商业和休闲包机部门之间的大比目鱼分配程序正式化。它包括一项旨在通过跨部门贸易实现“灵活性”的新计划，允许包机运营商租赁商业大比目鱼磅以放宽客户捕捞限制。在这里，我们评估前两年的租赁市场活动和参与。一些商业配额持有者参与租赁市场表明该计划提供了有益的灵活性；事实上，就某些配额类型而言，向包机部门转移的数量多于商业部门内的转移。我们还发现自租者比例很高。然而，向包机部门的转移平均小于部门内的商业转移，与商业转移相比，包机部门租赁的总磅数较低。休闲租赁部门使用租赁配额可以收获更大的鱼或更多的鱼，并在大比目鱼关闭日提供灵活的捕捞组合。最后，租船行业的每磅价值可能更高，因为商业到租船的转让价格接近商业船运价。