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The Effects of ITQ Management on Fishermen’s Welfare When the Processing Sector Is Imperfectly Competitive

  • David M. McEvoy
  • Sylvia Brandt
  • Sven Anders

In this paper we use a general model of imperfect competition to predict welfare changes within an open-access fishery after it transitions to individual transferable quota (ITQ) management. Although related research has explored the effects of market power in the harvesting sector on ITQ performance, none has considered the implications of an imperfectly competitive processing sector. Addressing this question, we find that although fishermen should expect to gain from ITQs under perfect competition, they may suffer welfare losses if the processing sector is imperfectly competitive.

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Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 85 (2009)
Issue (Month): 3 ()
Pages: 470-484

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Handle: RePEc:uwp:landec:v:85:y:2009:i:3:p:470-484
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  1. 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 5065, Iowa State University, Department of Economics.
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  3. Weninger, Quinn & Grafton, Quinten R. & Kirkley, James E. & Squires, Dale, 2000. "A Guide to Economic Evaluation of Individual Transferable Quota Fisheries," Staff General Research Papers 10574, Iowa State University, Department of Economics.
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  16. Homans, Frances R. & Wilen, James E., 2005. "Markets and rent dissipation in regulated open access fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 49(2), pages 381-404, March.
  17. Richard J. Sexton & Mingxia Zhang, 1996. "A Model of Price Determination for Fresh Produce with Application to California Iceberg Lettuce," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 924-934.
  18. Brandt, Sylvia & McEvoy, David, 2006. "Distributional effects of property rights: Transitions in the Atlantic Herring fishery," Marine Policy, Elsevier, vol. 30(6), pages 659-670, November.
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  20. Scott C. Matulich & Murat Sever, 1999. "Reconsidering the Initial Allocation of ITQs: The Search for a Pareto-Safe Allocation between Fishing and Processing Sectors," Land Economics, University of Wisconsin Press, vol. 75(2), pages 203-219.
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