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Productivity Change under an Individual Transferable Quota Management System

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  • John B. Walden
  • James E. Kirkley
  • Rolf Färe
  • Philip Logan
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    Abstract

    This study examines productivity change in the Mid-Atlantic surfclam and ocean quahog fishery, which has been managed since 1990 using Individual Transferable Quotas (ITQ). Productivity change is estimated through a Malmquist index from 1981--2008, capturing change before and after implementation of the quota system. We then decompose the index to examine changes in technical efficiency, scale efficiency, and technical change. Our findings indicate that the ITQ system has not sustained gains in vessel productivity. These results are thought to be driven by spatial changes in biomass and the inability to access more productive fishing grounds. Copyright 2012, Oxford University Press.

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    Bibliographic Info

    Article provided by Agricultural and Applied Economics Association in its journal American Journal of Agricultural Economics.

    Volume (Year): 94 (2012)
    Issue (Month): 4 ()
    Pages: 913-928

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    Handle: RePEc:oup:ajagec:v:94:y:2012:i:4:p:913-928

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    Cited by:
    1. Pascoe, Sean & Hutton, Trevor & van Putten, Ingrid & Dennis, Darren & Skewes, Tim & Plagányi, Éva & Deng, Roy, 2013. "DEA-based predictors for estimating fleet size changes when modelling the introduction of rights-based management," European Journal of Operational Research, Elsevier, vol. 230(3), pages 681-687.
    2. E. Grifell-Tatje & C. A. K. Lovell, 2013. "Productivity, Price Recovery, Capacity Constraints and their Financial Consequences," CEPA Working Papers Series WP032013, School of Economics, University of Queensland, Australia.
    3. Diekert , Florian & Lund , Kristen & Schweder, Tore, 2014. "From Open-Access to Individual Quotas: Disentangling the Effects of Policy Reform and Environmental Changes in the Norwegian Coastal Cod Fishery," Memorandum 07/2014, Oslo University, Department of Economics.

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