 Examination of the Peruvian Anchovy Individual Vessel Quota (IVQ) SystemKailin Kroetz, James Sanchirico (), Elsa Galarza Contreras, David Corderi, Nestor Collado and Elaine W. Swiedler No 8066, IDB Publications (Working Papers) from Inter-American Development Bank Abstract: The implementation of rights-based management programs is increasing worldwide yet there are few ex post evaluations, especially in developing country contexts. In this paper we examine changes following the implementation of a catch share system in the Peruvian anchovyfishery, which is the world's largest commercial fishery by volume. After implementation of the Individual Vessel Quota (IVQ) management system, we observe a shift toward higher-value products and a 97% increase in per-unit revenue from 2008 to 2013. We also find that landings are more spread out over the fishing season, with an increase in the number of fishing days. Additionally, fleet consolidation occurs over time with a shift toward larger vessels in the steel fleet. Finally, using cost estimates from a large fishing firm on the cost of steel vessel operation, we estimate variable harvesting profit increased from 34-41% of the ex-vessel price pre-IVQ to 63-65% post. Keywords: Peruvian Anchovy; Anchovy Fishery (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:8066 DOI: 10.18235/0000598 Access Statistics for this paper More papers in IDB Publications (Working Papers) from Inter-American Development Bank Contact information at EDIRC. |
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