Reconsidering the Initial Allocation of ITQs: The Search for a Pareto-Safe Allocation between Fishing and Processing Sectors
AbstractAdvancement of rights-based fishing is stymied by industry and congressional concern over distributional issues arising out of traditional ITQ design. This paper examines the existence and policy feasibility of two alternative initial allocations intended to leave the two principal industry participants, the fishers and processors, no worse off, while maximizing efficiency. Market structure is shown to be a critical consideration, not only to avoid unintended wealth redistribution, but also to achieve efficiency.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 75 (1999)
Issue (Month): 2 ()
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Web page: http://le.uwpress.org/
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- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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- Heaps, Terry, 2003. "The effects on welfare of the imposition of individual transferable quotas on a heterogeneous fishing fleet," Journal of Environmental Economics and Management, Elsevier, vol. 46(3), pages 557-576, November.
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- HIGASHIDA Keisaku & TAKARADA Yasuhiro, 2009. "Efficiency of Individual Transferable Quotas (ITQ) Systems and Input and Stock Controls," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 09046, Research Institute of Economy, Trade and Industry (RIETI).
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- Lawrence J. White, 2006. "The Fishery as a Watery Commons: Lessons from the Experiences of Other Public Policy Areas for US Fisheries Policy," Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics 06-18, New York University, Leonard N. Stern School of Business, Department of Economics.
- Eggert, Håkan & Tveterås, Ragnar, 2004. "Potential Rent and Overcapacity in the Swedish Baltic Sea Trawl Fishery," Working Papers in Economics, University of Gothenburg, Department of Economics 152, University of Gothenburg, Department of Economics.
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