Markov-Perfect Rent Dissipation in Rights-Based Fisheries

被引：8

作者：

Valcu, Adriana ^{[1
]}

Weninger, Quinn ^{[1
]}

机构：

[1] Iowa State Univ, Dept Econ, Ames, IA 50011 USA

来源：

MARINE RESOURCE ECONOMICS | 2013年 / 28卷 / 02期

关键词：

Markov-perfect Nash equilibrium; individual transferable quotas; production externalities; resource rent; MODELS; GAMES;

D O I：

10.5950/0738-1360-28.2.111

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We present a general dynamic model of within-season harvesting competition in a fishery managed with individual transferable quotas. Markov-perfect equilibrium (MPE) harvesting and quota purchase strategies are derived using numerical collocation methods. We identify rent loss caused by a heterogeneous-in-value fish stock congestion on the fishing ground, revenue competition, and stock uncertainty. Our results show that biological, technological, and market conditions under which rents will be dissipated in a standard individual transferable quota program are fairly special. We offer new insights for designing rights-based programs capable of generating resource rent in marine fisheries.

引用

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页码：111 / 131

页数：21

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