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A Method of Imputing and Simulating Costs and Returns in Fisheries

A methodology capable of generating cost and revenue trends over time within a fishery is developed. The methodology is designed to use information available in the National Marine Fisheries Service (NMFS) landings files to forecast cash costs on a per-trip basis. Annual industry-level cost estimates are then obtained by aggregating per-trip costs. The methodology is applied to the Gulf of Mexico shrimp fishery for which NMFS landings data, as well as a series of costs and returns survey data, are available. This methodology is transferable to other fisheries that have previous cost surveys.