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Market Power, Industrial Organization and Tradeable Quotas

Author

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  • Adesoji Adelaja
  • Julia Menzo
  • Bonnie McCay

Abstract

Individual Transferable Quotas (ITQs) were introduced into the Mid-Atlantic Surf Clam and Ocean Quahog fishery to reduce over-capitalization while conserving clam populations. Because the number of operators in the fishery declined drastically since the introduction of this policy, there is concern about its effect on competitiveness. This paper utilizes Bertrand Pricing Models to show that monopoly power is absent from the surf clam and ocean quahog markets. Concentration ratios, Lorenz curves and Gini Coefficients estimated for the fishery for periods before and after ITQ introduction support the results of the Bertrand model.

Suggested Citation

  • Adesoji Adelaja & Julia Menzo & Bonnie McCay, 1998. "Market Power, Industrial Organization and Tradeable Quotas," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 13(5), pages 589-601, October.
    • Handle: RePEc:kap:revind:v:13:y:1998:i:5:p:589-601
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    Cited by:

    1. David M. McEvoy & Sylvia Brandt & Sven Anders, 2009. "The Effects of ITQ Management on Fishermen’s Welfare When the Processing Sector Is Imperfectly Competitive," Land Economics, University of Wisconsin Press, vol. 85(3), pages 470-484.
    2. Ivana Nincevic Pasalic & Ivan Pavic, 2021. "Market Concentration in the Personal Computer Industry," International Journal of Economic Sciences, European Research Center, vol. 10(1), pages 84-99, June.

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