2006
DOI: 10.1016/j.marpol.2005.09.007
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Distributional effects of property rights: Transitions in the Atlantic Herring fishery

Abstract: A principal challenge in developing any fishery management plan is the allocation of benefits and costs among participants in the fishery. This process is further complicated by imperfect information about future market demand and limited ability to predict the consequences of regulatory change. This paper offers a new approach to policymakers, using econometric analysis to simulate the potential impact of individual tradable quotas (ITQs) in a fishery. We compare the distribution of harvest across participant… Show more

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Cited by 15 publications
(9 citation statements)
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“…In fisheries, this allows influential fishers to limit competition via governance systems (26,74). It is a direct contravention of the theoretical logic of ITQs and ensures that any potential benefits in the form of increased efficiency through competition may be lost due to a combination of monopsony power in the market for quota and capture of political rents from the ITQ system (75)(76)(77)(78)(79)(80)(81). Furthermore, by "locking-in" overly simple ITQs via regulatory capture, power disconnects reduce flexibility in the long-run, thereby increasing systemic vulnerability (44,82,83).…”
Section: Power Disconnectsmentioning
confidence: 99%
“…In fisheries, this allows influential fishers to limit competition via governance systems (26,74). It is a direct contravention of the theoretical logic of ITQs and ensures that any potential benefits in the form of increased efficiency through competition may be lost due to a combination of monopsony power in the market for quota and capture of political rents from the ITQ system (75)(76)(77)(78)(79)(80)(81). Furthermore, by "locking-in" overly simple ITQs via regulatory capture, power disconnects reduce flexibility in the long-run, thereby increasing systemic vulnerability (44,82,83).…”
Section: Power Disconnectsmentioning
confidence: 99%
“…In many fisheries, the number of vessels and fishing capacity have decreased after the implementation of an ITQ program (see e.g. Townsend (2005), Sanchirico and Newell (2003), Wang (1995), Brandt and McEvoy (2006), Agar et al (2014), Dupont et al (2005), Hamon et al (2009)).…”
Section: Literature On Evaluation Of Rights-based Management Regimesmentioning
confidence: 99%
“…(2005), Dupont, Fox et al (2005), Brandt and McEvoy (2006), Hamon, Thébaud et al (2009), Agar, Stephen et al (2014.…”
Section: Literature Review On Itq Fisheriesmentioning
confidence: 99%