Cuotas de pesca y libre competencia: consideraciones para la nueva ley de pesca

Juan-Pablo Montero

Estudios Públicos, 2012, issue 127, 1-51

Abstract: A new fishing law is to enter into effect by the end of 2012 to replace the actual law 19,713. Several analysts have argued that the new law must correct, among other things, for the limited competition and lack of new entry in the sector. Using economic theory and evidence from fisheries in Chile’s central-south zone, the objective of this paper is to document precisely the contrary. The latter has two implications for the drafting of the new law. The first is that the use of auctions to allocate quotas should only be justified on distribution grounds and not on efficiency grounds; and second, that there are no efficiency losses from allocating quotas in perpetuity provided that they are easily transferable.

Keywords: fishing quotas; auctions; competition (search for similar items in EconPapers)
JEL-codes: L41 Q22 (search for similar items in EconPapers)
Date: 2012
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