Value-Based Itq'S
Abstract
There is empirical and theoretical evidence indicating that quota-induced highgrading is a problem in weight-based ITQ programs. This paper examines value-based ITQ programs as a possible solution to this problem. It is shown that value-based ITQ programs do not provide an incentive to highgrade, and may achieve a target harvest with greater accuracy than weight-based ITQ programs. Two ways of administering value-based ITQ programs are suggested. Though both are arguably more difficult to administer than a weight-based ITQ program, a value-based ITQ program may be less complicated than a weight-based ITQ program coupled with the sorts of taxes, landings restrictions, or multiple quotas, that have been proposed as remedies for quota-induced highgrading.Download Info
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Article provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 11 (1996)
Issue (Month): 2 ()
Pages:
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Related research
Keywords: Resource /Energy Economics and Policy;Other versions of this item:
- Matthew A. Turner, 1995. "Value-based ITQ's," Working Papers mturner-95-03, University of Toronto, Department of Economics.
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Turner, Matthew A., 1997. "Quota-Induced Discarding in Heterogeneous Fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 186-195, June.
- Anderson, Lee G., 1994. "An Economic Analysis of Highgrading in ITQ Fisheries Regulation Programs," Marine Resource Economics, Marine Resources Foundation, vol. 9(3).
- Matthew A. Turner, 1995. "Economics without Free-disposal: Quota-induced Discarding in Heterogenous Fisheries," Working Papers mturner-95-02, University of Toronto, Department of Economics.
- Arnason, Ragnar, 1994. "On Catch Discarding in Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 9(3).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Matthew A. Turner, 1999. "Uncertainty and the choice of quota program in a multi-product fishery," Working Papers mturner-01-01, University of Toronto, Department of Economics.
- Turner, Matthew A., 1997. "Quota-Induced Discarding in Heterogeneous Fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 186-195, June.
- Matthew A. Turner, 1995. "Economics without Free-disposal: Quota-induced Discarding in Heterogenous Fisheries," Working Papers mturner-95-02, University of Toronto, Department of Economics.
- Matthew A. Turner, 1998. "Optimal quota programs," Working Papers mturner-98-01, University of Toronto, Department of Economics.
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