IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Optimal fisheries quota allocation under a transferable quota (TQ) management system

Listed author(s):
  • Morgan, GR
Registered author(s):

    Although the concept of transferable quota management in fisheries is rapidly gaining acceptance as a more appropriate management technique than such alternatives as input controls, the basic question of how to optimally allocate initial quotas among the participants of potential participants in a fisheries has not yet received adequate theoretical consideration. Current practices of allocation by administrative decision have perhaps been the source of greatest discontent in the introduction of transferable quota management systems, as well as being economically inefficient. This paper draws upon the extensive theory and practical experience gained in other industries (such as the communication, airline and financial industries) in the allocation of scarce resources to examine the relative efficiency and effectiveness of current and alternative quota allocation systems in a fisheries context. The role of secondary markets in correcting inefficiencies in initial quota allocation is also examined. It is shown that, in these other industries, an auction process has evolved which can lead to the achievement of a wide range of public policy objectives in an economically efficient manner. The application of such an auction process to the allocation of fisheries quotas is considered and the features of such a fisheries quota auction system are presented.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Elsevier in its journal Marine Policy.

    Volume (Year): 19 (1995)
    Issue (Month): 5 (September)
    Pages: 379-390

    in new window

    Handle: RePEc:eee:marpol:v:19:y:1995:i:5:p:379-390
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eee:marpol:v:19:y:1995:i:5:p:379-390. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.