Economics at your fingertips  

Market Power, Industrial Organization and Tradeable Quotas

Adesoji Adelaja, Julia Menzo and Bonnie McCay

Review of Industrial Organization, 1998, vol. 13, issue 5, 589-601

Abstract: Individual Transferable Quotas (ITQs) were introduced into the Mid-Atlantic Surf Clam and Ocean Quahog fishery to reduce over-capitalization while conserving clam populations. Because the number of operators in the fishery declined drastically since the introduction of this policy, there is concern about its effect on competitiveness. This paper utilizes Bertrand Pricing Models to show that monopoly power is absent from the surf clam and ocean quahog markets. Concentration ratios, Lorenz curves and Gini Coefficients estimated for the fishery for periods before and after ITQ introduction support the results of the Bertrand model.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

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:

Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11151/PS2

Access Statistics for this article

Review of Industrial Organization is currently edited by L.J. White

More articles in Review of Industrial Organization from Springer, The Industrial Organization Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2019-11-06
Handle: RePEc:kap:revind:v:13:y:1998:i:5:p:589-601