Lab seminar - Risk Management in Alaska Catch Share fisheries
Joseph Raymond presented some preliminary findings from his work on risk management in Alaska catch share fisheries. He discussed the role of portfolio theory for managing the risks firms face associated with variable market and environmental conditions. He also discussed the data driven approach he is taking to understand the ability of participants in Alaska fisheries to reduce risks through portfolio management. The presentation raised a number of interesting questions related to the different types of assets firms may need to invest in to create effective risk portfolios including the quotas and permits required to participate in multiple fisheries as well the range of gear types required to harvest these species.