Value-based ITQ's

Matthew Turner

Working Papers from University of Toronto, Department of Economics

Abstract: There is empirical and theoretical evidence indicating that quota-induced highgrading is aproblem in weight-based ITQ programs. This paper examines value-based ITQ programs as apossible solution to this problem. It is shown that value-based ITQ programs do not provide anincentive to highgrade, and may achieve a target harvest with greater accuracy than weight-basedITQ programs. Two ways of administering value-based ITQ programs are suggested. Though both are arguably more difficult to administer than a weight-based ITQ program, a value-based ITQ program may be less complicated than a weight-based ITQ program coupled with the sorts of taxes, landings restrictions, or multiple quotas, that have been proposed as remedies for quota-induced highgrading.

Keywords: Fisheries regulation; tradable quota; value based quota (search for similar items in EconPapers)
JEL-codes: K32 Q22 (search for similar items in EconPapers)
Pages: 12 pages
Date: 1995-12-12
New Economics Papers: this item is included in nep-law
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:mturner-95-03

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