Resource Rent in Individual Quota Fisheries
Traditional fisheries management schemes generate incentives for vessels to maximize catch, resulting in rent dissipation and overcapacity. Individual vessel quota management schemes change the incentives to maximize profit and have the potential to generate resource rent and reduce capacity. An interesting question is whether it is the changed incentives due to individual quota or the capacity reduction due to transferability of individual quota that is most important in generating rent. In this study, a cost function approach is used to model and measure rent generated and potential rent in a fishery managed with individual vessel quotas.
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.
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.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kjell Salvanes & Dale Squires, 1995. "Transferable quotas, enforcement costs and typical firms: An empirical application to the Norwegian trawler fleet," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 6(1), pages 1-21, July.
- Lau, Lawrence J., 1976. "A characterization of the normalized restricted profit function," Journal of Economic Theory, Elsevier, vol. 12(1), pages 131-163, February.
- Quinn Weninger, 1998.
"Assessing Efficiency Gains from Individual Transferable Quotas: An Application to the Mid-Atlantic Surf Clam and Ocean Quahog Fishery,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 80(4), pages 750-764.
- Weninger, Quinn, 1998. "Assessing Efficiency Gains From Individual Transferable Quotas: An Application to the Mid-Atlantic Surf Clam and Ocean Quahog Fishery," Staff General Research Papers Archive 5065, Iowa State University, Department of Economics.
- Trond Bjørndal & Daniel V. Gordon, 1993. "The Opportunity Cost of Capital and Optimal Vessel Size in the Norwegian Fishing Fleet," Land Economics, University of Wisconsin Press, vol. 69(1), pages 98-107.
- Dale Squires, 1987. "Public Regulation and the Structure of Production in Multiproduct Industries: An Application to the New England Otter Trawl Industry," RAND Journal of Economics, The RAND Corporation, vol. 18(2), pages 232-247, Summer. Full references (including those not matched with items on IDEAS)