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Value-Based Itq'S

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Author Info

  • Turner, Matthew A.

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.

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File URL: http://purl.umn.edu/28184
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Bibliographic Info

Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 11 (1996)
Issue (Month): 2 ()
Pages:

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Handle: RePEc:ags:mareec:28184

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Web page: http://www.uri.edu/cels/enre/mre/mre.htm

Related research

Keywords: Resource /Energy Economics and Policy;

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References

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  1. Turner, Matthew A., 1997. "Quota-Induced Discarding in Heterogeneous Fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 186-195, June.
  2. Anderson, Lee G., 1994. "An Economic Analysis of Highgrading in ITQ Fisheries Regulation Programs," Marine Resource Economics, Marine Resources Foundation, vol. 9(3).
  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.
  4. Arnason, Ragnar, 1994. "On Catch Discarding in Fisheries," Marine Resource Economics, Marine Resources Foundation, vol. 9(3).
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Citations

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Cited by:
  1. 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.
  2. Turner, Matthew A., 1997. "Quota-Induced Discarding in Heterogeneous Fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 186-195, June.
  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.
  4. Matthew A. Turner, 1998. "Optimal quota programs," Working Papers mturner-98-01, University of Toronto, Department of Economics.

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