Fishing quota markets /

Fisheries worldwide continue to suffer from the negative consequences of open access. In 1986, New Zealand responded by establishing an individual transferable quota (ITQ) system that by 1998 included 33 species and more than 150 markets for fishing quotas. We assess these markets in terms of trends...

Descripción completa

Detalles Bibliográficos
Autor principal: Newell, Richard
Autor Corporativo: Resources for the Future
Otros Autores: Sanchirico, James, Kerr, Suzi
Formato: Libro
Lenguaje:Inglés
Publicado: Washington : Resources for the Future, 2002
Materias:
Aporte de:Registro referencial: Solicitar el recurso aquí
LEADER 01868nmm a2200289 a 4500
003 AR-BaFLA
008 141001s2002 xxu||||fq||d| 00| 0 eng d
037 |b CC  |n Donación 
040 |a FLACSO Argentina  |c FLACSO Argentina 
041 0 |a eng 
043 |c NZ 
100 1 |a Newell, Richard  |9 4447 
110 2 |a Resources for the Future  |9 4448 
245 1 0 |a Fishing quota markets /   |c Richard G. Newell, James N. Sanchirico, and Suzi Kerr  |h DIG 
260 |a Washington :   |b Resources for the Future,   |c 2002 
300 |a 53 h.  |b graf. 
504 |a incl. ref. 
520 |a Fisheries worldwide continue to suffer from the negative consequences of open access. In 1986, New Zealand responded by establishing an individual transferable quota (ITQ) system that by 1998 included 33 species and more than 150 markets for fishing quotas. We assess these markets in terms of trends in market activity, price dispersion, and the fundamentals determining quota prices. We find that market activity is sufficiently high to support a competitive market and that price dispersion has decreased over time. Using a 15-year panel dataset, we also find evidence of economically rational behavior through the relationship between quota lease and sale prices and fishing output and input prices, ecological variability, and market interest rates. Controlling for these factors, our results show an increase in quota prices, consistent with increased profitability. Overall, the results suggest these markets are operating reasonably well, implying that ITQs can be effective instruments for efficient fisheries management. 
650 4 |a PESCA  |9 2039 
650 4 |a RECURSOS PESQUEROS  |9 4449 
650 4 |a REGULACION  |9 943 
651 4 |a NUEVA ZELANDA  |9 3848 
690 |a MEDIO AMBIENTE  |9 257 
700 1 |a Sanchirico, James  |9 4450 
700 1 |a Kerr, Suzi  |9 4451 
942 |c DIG 
999 |c 30748  |d 30748