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Assessing Efficiency Gains From Individual Transferable Quotas: An Application to the Mid-Atlantic Surf Clam and Ocean Quahog Fishery

Quinn Weninger ()

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: Delayed fishing fleet restructuring complicates the assessment of efficiency gains from individual transferable quota (ITQ) fisheries management programs. This article presents a methodology to estimate harvest sector efficiency gains in lieu of incomplete fleet restructuring. The methodology is applied to assess the efficiency gains in the Mid-Atlantic surf clam and ocean quahog fishery ITQ program. While roughly 128 vessels harvested clams under the previous management regime, the analysis suggests that 21-25 vwessels will remain under ITQs. The efficiency gains are estimated to be between $11.1 million and $12.8 million annually (1990 dollars).

Date: 1998-11-01
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Published in American Journal of Agricultural Economics, November 1998, vol. 80 no. 4, pp. 750-764

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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:5065

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