>  Fishery Statistics

PERMIT VALUE


TABLE DESCRIPTION: This table contains estimated values for permanent permits in Alaska’s limited fisheries. The estimated values were calculated from actual permit sales as reported on the Commercial Fisheries Entry Commission’s transfer survey. In general, permit value estimates for each limited fishery are created by calculating the average purchase price of transfers that occurred in the last three months. The value is calculated on a monthly basis.

By statutes and regulation, the financial data reported on the CFEC permit transfer surveys are confidential and cannot be disclosed to the public. For reporting purposes, permit value estimates must be averages from at least four transactions. In some fisheries, permit transfers are not common occurrences. In these instances, transactions that occurred before the three most recent months must be included in order to reach the four-transfer minimum. In some limited fisheries four market transfers do not exist; therefore a permit value cannot be estimated for these fisheries.

Year-end averages are calculated and include transactions that occurred between January and December for each year. Where fewer than four transactions occur in a year, additional data from earlier months are included until an adequate number of observations are obtained to meet confidentiality requirements.

The table contains the following information:

PERIOD

The month, year, or quarter for which the estimated value applies. Estimated values are currently determined monthly. Prior to 1985, estimated values were calculated on a quarterly basis.

ESTIMATED VALUE

An estimate of the value of permit transfers during the period specified based on the average price of actual sales transactions.

RANGE

The difference between the highest and lowest values used to calculate the estimated value. Range is indicated from 1991 to present.

STANDARD DEVIATION

A measure of the variance from the estimated value, the average purchase price of transfers. Standard deviation is indicated from 1991 to present.

MAXIMUM VALUE

Prior to 1991, maximum value is listed. Maximum value is the highest value used in the calculation of the estimated value and is used with the minimum value to indicate the range of values used to calculate the estimated value. A “.” indicates that less than four transactions occurred during the three month period and no value can be displayed.

MIMIMUM VALUE

Prior to 1991, minimum value is listed. Minimum value is the lowest value used in the calculation of the estimated value and is used with the maximum value to indicate the range of values used to calculate the estimated value. A “.” indicates that less than four transactions occurred during the three month period and no value can be displayed.

EARLIEST/LATEST TRANSACTIONS

Permit transactions occurring from the earliest month shown through the latest month shown, inclusive, were used to calculate the estimated value.

In some cases it may appear that the estimated value is calculated from transfers in just one or two months rather than the three most recent. In these situations, the current month has more than four transfers but either or both of the preceding months have no transfers. No values are included from one or both of the preceding months, so the estimated value is calculated as the average of the transfers in the most recent month.

Prior to 1987, the estimated value was calculated for the current month and two prior months. If there were fewer than four transfers, insufficient data existed to determine the estimated value. Transactions from preceding months were not added to reach the minimum required number. Earliest and latest transactions are not indicated for these years.

QUESTIONS

Questions regarding this data should be addressed to our Research Section.

Phone: (907) 789-6160

Address:

Attn: Craig Farrington
Commercial Fisheries Entry Commission
P.O. Box 110302
Juneau , AK 99802