EconPapers    
Economics at your fingertips  
 

Fisher's behaviour with individual vessel quotas--Over-capacity and potential rent: Five case studies

Frank Asche (), Håkan Eggert (), Eyjolfur Gudmundsson, Ayoe Hoff and Sean Pascoe ()

Marine Policy, 2008, vol. 32, issue 6, 920-927

Abstract: Internationally, individual vessel quotas (IVQ) have become an increasingly popular management tool. The main attraction of IVQs is the incentives they create for cost savings, autonomous capacity adjustment and, subsequently, rent generation. In this paper, the extent to which different IVQ systems have facilitated resource rent generation and capacity adjustment in five European countries--Denmark, Iceland, Norway, Sweden and the UK--is examined. The potential economic rents and the capacity reduction necessary to achieve these rents in each of the fisheries are also estimated. Reasons why IVQs have not achieved their potential economic benefits in these fisheries are also examined.

Keywords: Fisheries; management; Resource; rent; Over-capacity; Individual; vessel; quotas; Incentives (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (21) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0308-597X(08)00022-5
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:marpol:v:32:y:2008:i:6:p:920-927

Access Statistics for this article

Marine Policy is currently edited by Eddie Brown

More articles in Marine Policy from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-10-24
Handle: RePEc:eee:marpol:v:32:y:2008:i:6:p:920-927