Catch limits, capacity utilization and cost reduction in Japanese fishery management

Michiyuki Yagi and Shunsuke Managi

MPRA Paper from University Library of Munich, Germany

Abstract: Japan’s fishery harvest peaked in the late 1980s. To limit the race for fish, each fisherman could be provided with specific catch limits in the form of individual transferable quotas (ITQs). The market for ITQs would also help remove the most inefficient fishers. In this article we estimate the potential cost reduction associated with catch limits, and find that about 300 billion yen or about 3 billion dollars could be saved through the allocation and trading of individual-specific catch shares.

Keywords: Capacity output; Capacity utilization; Individual quotas; Production frontier; Japan (search for similar items in EconPapers)
JEL-codes: L70 Q18 Q22 (search for similar items in EconPapers)
Date: 2011-01-24
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Citations: View citations in EconPapers (13)

Published in Agricultural Economics 42.5(2011): pp. 577-592

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Journal Article: Catch limits, capacity utilization and cost reduction in Japanese fishery management (2011)
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