Adelaja, Adesoji; Menzo, Julia; McCay, Bonnie - In: Review of Industrial Organization 13 (1998) 5, pp. 589-601
Individual Transferable Quotas (ITQs) were introduced into the Mid-Atlantic Surf Clam and Ocean Quahog fishery to reduce over-capitalization while conserving clam populations. Because the number of operators in the fishery declined drastically since the introduction of this policy, there is...