Evaluation of the Chilean Jack Mackerel ITQ System
| Autor: | James N. Sanchirico, David Corderi Novoa, Kailin Kroetz, Julio Peña-Torres |
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| Rok vydání: | 2016 |
| Předmět: |
0106 biological sciences
Economics and Econometrics Natural resource economics Geography Planning and Development Fishing Management Monitoring Policy and Law Individual Transferable Quotas Marine resources Jack Mackerel Fish Trade Fishery Management Total Allowable Catch Total Allowable Catch (TAC) Fishery Management Export Oceanography 01 natural sciences Renting jel:Q22 0502 economics and business Economics Revenue Economic impact analysis biology business.industry 010604 marine biology & hydrobiology 05 social sciences Jack mackerel Catch share biology.organism_classification Fishery TRIPS architecture 050202 agricultural economics & policy Fisheries management business |
| Popis: | The debate in commercial fishery management has evolved from whether well-defined rights are necessary for sustainability to measuring the impacts of different rights-based system designs. Most assessments are on developed world fisheries. Using a unique collection of datasets, we develop counterfactuals to evaluate the economic impacts of the Chilean jack mackerel catch share program. We investigate vessel and trip characteristics, as well as trip costs and revenues, before and after the implementation of the program. We find an increase in higher value products and associated revenue, as well as consolidation of catch on larger vessels, vessels taking longer trips, and those catching more per trip. Overall, we estimate that the program led to a measureable increase in fishing profits, mainly due to movement toward higher-value products. A back-of-the-envelope calculation results in an implied annual quota rental rate on the order of approximately 15–19% of ex-vessel prices. |
| Databáze: | OpenAIRE |
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