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.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 18 (2003)
Issue (Month): 2 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Resource /Energy Economics and Policy;
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- 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.
- 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.
- 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).
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