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In this paper, we consider a market where potential firms, which are allowed to be asymmetric, can freely enter and exit, and the total output would be socially excessive without any regulation. The effects of two alternative regulatory policies in the market: the individually transferable quota...
Persistent link: https://www.econbiz.de/10012919066
In most multi-species fisheries managed through output controls, total allowable catches (TACs) are set primarily on … resource is reduced. In this paper we show that in the case of multi-species fisheries that exhibit jointness in production … estimation of a multi-output distance function for the UK North Sea beam and otter trawl fisheries, and find that in most cases …
Persistent link: https://www.econbiz.de/10014073325
Trade in grandfathered individual transferable quota has been argued to inevitably lead to a Transitional Gains Trap whereby government reallocation of quota that was initially gifted becomes politically impossible once the original beneficiaries have been succeeded by fishers who paid for their...
Persistent link: https://www.econbiz.de/10013300249
Fisheries in Sénégal are comprised of two sub-sectors: the artisanal sub-sector and the industrial sub-sector. While … depletion of the stock created a sense of urgency and a willingness to reform the way fisheries are managed to prevent an … irreversible damage. This paper provides a political economy and historical perspective to analyse the fisheries reforms undertaken …
Persistent link: https://www.econbiz.de/10012985039
We analyze a policy experiment in an Alaskan commercial fishery that assigned a portion of an overall catch quota to a voluntary cooperative, with the remainder exploited competitively by those choosing to fish independently. Unlike the individual quota system advocated by many economists, the...
Persistent link: https://www.econbiz.de/10013103075
fashion and that the markets are relatively efficient. We do not find major changes in participation in these fisheries as a … result of the system. We find evidence that suggests that the ITQ system is improving the profitability of fisheries in New …
Persistent link: https://www.econbiz.de/10014075588
We show that grandfathering fishing rights to local users or recognizing first possessions is more dynamically efficient than auctions of such rights. It is often argued that auctions allocate rights to the highest-valued users and thereby maximize resource rents. We counter that rents are not...
Persistent link: https://www.econbiz.de/10014187047
In January 2009 a new management regime of individual vessel quotas (IVQs) was put in force in the world's largest fishery, the Peruvian anchovy fishery. Until 2009, the fishery was managed by a regulated open access system with clear symptoms of the race for fish. We argue that the new regime...
Persistent link: https://www.econbiz.de/10013122835
sustainability to measuring the impacts of different rights-based system designs. Most assessments are on developed world fisheries …
Persistent link: https://www.econbiz.de/10011457856
The implementation of rights-based management programs is increasing worldwide yet there are few ex post evaluations, especially in developing country contexts. In this paper we examine changes following the implementation of a catch share system in the Peruvian anchovy fishery, which is the...
Persistent link: https://www.econbiz.de/10011581690