Individual Transferable Quota Markets and Investment Decisions in the Fixed Gear Sablefish Industry

Squires D., Alauddin M. and Kirkley J. (1994) Individual Transferable Quota Markets and Investment Decisions in the Fixed Gear Sablefish Industry. Journal of Environmental Economics and Management, 27 2: 185-204. doi:10.1006/jeem.1994.1033


Author Squires D.
Alauddin M.
Kirkley J.
Title Individual Transferable Quota Markets and Investment Decisions in the Fixed Gear Sablefish Industry
Journal name Journal of Environmental Economics and Management   Check publisher's open access policy
ISSN 0095-0696
Publication date 1994-01-01
Sub-type Article (original research)
DOI 10.1006/jeem.1994.1033
Volume 27
Issue 2
Start page 185
End page 204
Total pages 20
Subject 2308 Management, Monitoring, Policy and Law
2002 Cultural Studies
Abstract This paper presents an ex ante analysis of an individual transferable quota (ITQ) program imposed on one species in a multispecies fishery. Utilizing mathematical programming, pseudo data, and Tobit regression, market demand for quota and prospective gains in economic rent and efficiency gains from quota trade are assessed for the pot and longline sablefish fleet off the Pacific coast of the United States. Incentives for disinvestment and industry exit after quota exchange, implications for structure of the industry and ITQ market, and policy implications are examined.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import
 
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Created: Sat, 09 Jul 2016, 17:38:05 EST by System User