An Empirical Analysis of Individual Fishing Quota Market Trading

被引：6
|
作者：
Jin, Di [1 ]
Lee, Min-Yang [2 ]
Thunberg, Eric [2 ]
机构：
[1] Woods Hole Oceanog Inst, Marine Policy Ctr, 266 Woods Hole Rd, Woods Hole, MA 02543 USA
[2] NOAA NMFS, Northeast Fisheries Sci Ctr, 166 Water St, Woods Hole, MA 02543 USA
来源：
MARINE RESOURCE ECONOMICS | 2019年 / 34卷 / 01期
基金：
美国海洋和大气管理局;
关键词：
Individual fishing quota; IFQ; ITQ; quota market; scallop fishery; MINIMUM INFORMATION-MANAGEMENT; PROPERTY-RIGHTS; TRANSFERABLE QUOTAS; PRODUCTIVITY CHANGE; BARGAINING POWER; FISHERIES; RESOURCE; COSTS; HETEROSKEDASTICITY; TRANSITION;
D O I：
10.1086/701971
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In the study, we investigate determinants of individual fishing quota (IFQ) lease price and transfer of permanent share in the General Category Scallop fishery of the Northeastern United States. A unique micro data set on individual IFQ transactions and related vessel-level fishing profit information for the six-year time period, fishing years 2010-2015, was used to estimate models of aggregate IFQ lease markets and individual transactions. We find that IFQ lease price is affected by the marginal profit of scallop fishing as well as macro-economic conditions. Results of the analysis also suggest that the price for IFQ asset transfers captures the capitalized profits in the fishery over time. Overall, IFQ market performance is in general agreement with economic theory.
引用
收藏
页码：39 / 57
页数：19
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