North Pacific Halibut And Sablefish Ifq Policy Design: Quantifying The Impacts On Processors
AbstractThis study examines how the two largest individual transferable fishing quota (IFQ) policies in the United States impacted halibut and sablefish processors. A survey of processors was conducted to estimate the change in processing sector welfare, measured as the change in quasi rents before and after IFQs. The policy was efficient and harvesters were left much better off. However, most processors did not participate in the rationalization benefits and, on average, were left worse off. Expanding the survey results to the pre-IFQ population, it is estimated that the halibut processing sector lost 56% of its prior quasi rents, while sablefish processors lost 76%. Eighty-two percent of the pre- IFQ halibut processors and 96% of the sablefish processors were estimated to be absolutely worse off.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 18 (2003)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Resource /Energy Economics and Policy;
Please 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.:
- Scott C. Matulich & Murat Sever, 1999. "Reconsidering the Initial Allocation of ITQs: The Search for a Pareto-Safe Allocation between Fishing and Processing Sectors," Land Economics, University of Wisconsin Press, vol. 75(2), pages 203-219.
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
- Gardner M. Brown, 2000. "Renewable Natural Resource Management and Use without Markets," Journal of Economic Literature, American Economic Association, vol. 38(4), pages 875-914, December.
- Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Discussion Papers in Economics at the University of Washington 0025, Department of Economics at the University of Washington.
- Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
- Homans, Frances R. & Wilen, James E., 2005. "Markets and rent dissipation in regulated open access fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 49(2), pages 381-404, March.
- Lindner, Robert K. & Campbell, Harry F. & Bevin, G.F., 1992. "Rent Generation During the Transition to a Managed Fishery: The Case of the New Zealand ITQ System," Marine Resource Economics, Marine Resources Foundation, vol. 7(4).
- Herrmann, Mark & Criddle, Keith R., 2006. "An Econometric Market Model for the Pacific Halibut Fishery," Marine Resource Economics, Marine Resources Foundation, vol. 21(2).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.