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

David M. McEvoy (), Sylvia Brandt () and Sven M. Anders ()

Land Economics, 2009, vol. 85, issue 3, pages 470-484

Abstract: 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.

JEL-codes: Q22 Q28 (search for similar items in EconPapers)
Date: 2009

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Related works:
Working Paper: The Effects of ITQ Management on Fishermen’s Welfare When the Processing Sector is Imperfectly Competitive (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:uwp:landec:v:85:y:2009:i:3:p:470-484

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