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The Estonian fisheries: from the Soviet system to ITQs and quota auctions

Author

Listed:
  • Vetemaa, Markus
  • Eero, Margit
  • Hannesson, Rögnvaldur

Abstract

The development of the Estonian fisheries and fishing rights during the post-Soviet period is discussed. In order to deal with excessive fishing capacity, a part of the fishing rights, both volume quotas and gear-use rights, in all Estonian fisheries will be allocated each year through auctions while the remainder will be allocated on the basis of the history of the use of recent fishing rights. This was done for the first time in 2001. All fishing rights depreciate from year to year in a geometric fashion, by 10% yearly. The results of the first auctions discussed in the paper suggest that auctioning is a suitable method to manage common-pool resources such as fish stocks.

Suggested Citation

  • Vetemaa, Markus & Eero, Margit & Hannesson, Rögnvaldur, 2002. "The Estonian fisheries: from the Soviet system to ITQs and quota auctions," Marine Policy, Elsevier, vol. 26(2), pages 95-102, March.
    • Handle: RePEc:eee:marpol:v:26:y:2002:i:2:p:95-102
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    Citations

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    Cited by:

    1. Lynham, John, 2014. "How have catch shares been allocated?," Marine Policy, Elsevier, vol. 44(C), pages 42-48.
    2. Holzer, Jorge & McConnell, Kenneth, 2023. "Extraction rights allocation with liquidity constraints," Resource and Energy Economics, Elsevier, vol. 71(C).
    3. Terry L. Anderson & Ragnar Arnason & Gary D. Libecap, 2010. "Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management," NBER Working Papers 16519, National Bureau of Economic Research, Inc.
    4. Holzer, Jorge & DePiper, Geret & Lipton, Douglas, 2017. "Buybacks with costly participation," Journal of Environmental Economics and Management, Elsevier, vol. 85(C), pages 130-145.
    5. Asche, Frank & Bjørndal, Marianne Tranberg & Bjørndal, Trond, 2014. "Development in fleet fishing capacity in rights based fisheries," Marine Policy, Elsevier, vol. 44(C), pages 166-171.
    6. Claire Armstrong, 2008. "Using history dependence to design a dynamic tradeable quota system under market imperfections," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(4), pages 447-457, April.

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