ECONOMIC ANALYSIS 



37 



TABLE 3. Constants Used in thf Economic Sector of the 

 Simulation Model 



Species 



Average Weight 

 (lbs.) 



Price 

 (dollars per lb.) 



Sockeye 

 Pink 

 Silver 

 Chum 



6.0 



5.5 



8.2 



10.8 



$0,331 

 $0,169 

 $0,297 

 $0,204 



Gear 



Operating Costs'^ 

 (daily) 



Fixed Costs 

 (annual) 



Gill nets 

 Purse seines 

 Reef nets 



$22.50 

 $67.50 

 $ 5.00 



$ 1,000.00 

 $15,209.00t 

 $ 1,110.00 



'•'The division of the various depreciation costs between the operating and fixed 

 costs is discussed in part IV. 



"^Includes an "incentive allowance" of $4,631. The average "incentive allowances" 

 have been applied only to purse seine gear, since no figures were available for the 

 "allowances" paid to other types of gear. 



IV. ECONOMIC ANALYSIS 



Standards of Economic Performance 



Before reviewing the results of our study of the economic condi- 

 tion of the salmon fishery, it would be useful to indicate the per- 

 formance we would expect under ideal conditions. From the stand- 

 point of protection of the salmon stocks, the major concern is to 

 regulate fishing so that maximum physical productivity is maintained. 

 From the purely physical point of view it makes little difference what 

 kind of regulation is employed to achieve that goal as long as it pre- 

 vents overfishing and is administratively workable. From the economic 

 standpoint, however, it is equally important that we take the right 

 number of fish in the most efficient possible way. Thus the objec- 

 tives in management of the salmon resource should be not only to 

 assure a continued high level of production, but also to insure: 



