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Fisheries quota allocation: Laboratory experiments on simultaneous and combinatorial auctions

Author

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  • Tisdell, J.G.
  • Iftekhar, Md Sayed

Abstract

Markets for individual tradeable fishing quota are evolving and maturing in many countries throughout the world. Synergies in spatial and temporal packages of fishing quotas have yet to be explored and exploited. The relative performance of simultaneous multi-round and combinatorial auctions has been well documented and explored in a number of environments including the allocation of spectrum rights by the US Federal Communications Commission, aircraft take-off and landing slots, as well as pollution emissions allowances. It is therefore timely and policy relevant to explore the relative performance of simultaneous and combinatorial fishery quota markets in controlled experimental environments. This paper reports the results of a series of economic experiments exploring the relative merits of these alternative fishing quota markets. The results provide important insights into the future development of individual tradeable fishing quotas.

Suggested Citation

  • Tisdell, J.G. & Iftekhar, Md Sayed, 2013. "Fisheries quota allocation: Laboratory experiments on simultaneous and combinatorial auctions," Marine Policy, Elsevier, vol. 38(C), pages 228-234.
    • Handle: RePEc:eee:marpol:v:38:y:2013:i:c:p:228-234
    DOI: 10.1016/j.marpol.2012.05.039
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    Citations

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    Cited by:

    1. Alexander Teytelboym, 2019. "Natural capital market design," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(1), pages 138-161.
    2. Scott Duke Kominers & Alexander Teytelboym & Vincent P Crawford, 2017. "An invitation to market design," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(4), pages 541-571.
    3. Iftekhar, Md Sayed & Tisdell, John G., 2015. "Bidding and performance in multiple unit combinatorial fishery quota auctions: Role of information feedbacks," Marine Policy, Elsevier, vol. 62(C), pages 233-243.
    4. Innes, James & Thébaud, Olivier & Norman-López, Ana & Richard Little, L. & Kung, John, 2014. "Evidence of package trading in a mature multi-species ITQ market," Marine Policy, Elsevier, vol. 46(C), pages 68-71.

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