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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 mean 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 means 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.
Two estimated values are reported: the estimated time-weighted value, and the estimated unweighted value. The estimated unweighted value is the simple mean of the qualifying transactions. The estimated time-weighted value is a weighted mean for which each transaction is assigned a relative weight according to its difference in years from the most recent transaction for the permit type. This weighting is meant to reflect the principle that more recent transactions are more accurate representations of permit value than less recent transactions, and thus should be given greater weight in calculating permit value.
If at least four qualifying transactions occurred for a permit type in a year, the yearly mean is calculated as the mean of all qualifying transactions in that year. If fewer than four qualifying transactions occurred for a permit type in a year, the yearly mean is calculated as the mean of the four most recent transactions.
Estimated values for all years are given in terms of the most recent year’s dollars: all estimated permit values are inflation-adjusted using the annual Consumer Price Index. This adjustment facilitates the direct comparison of estimated permit values over time.
The table contains the following information:
The year to which the estimated permit value applies.
The month to which the estimated permit value applies.
An estimate of the value of permit transfers during the time period specified, calculated as a weighted mean for which each qualifying transaction is assigned a relative weight according to its difference in years from the most recent transaction for the permit type.
A measure of the variation around the estimated time-weighted values.
An estimate of the value of permit transfers during the time period specified, calculated as the simple mean of the qualifying 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.
Questions regarding these data should be addressed to our Research Section.
Phone: (907) 789-6160
Attn: Research Section
Commercial Fisheries Entry Commission
P.O. Box 110302
Juneau, AK 99802