Hostname: page-component-8448b6f56d-cfpbc Total loading time: 0 Render date: 2024-04-18T08:31:44.475Z Has data issue: false hasContentIssue false
  • English
  • Français

The impact of individual quotas on technical efficiency: does quality matter?

Published online by Cambridge University Press:  16 July 2010

JORGE DRESDNER ,
NÉLYDA CAMPOS  and
CARLOS CHÁVEZ
Get access Rights & Permissions [Opens in a new window]

Abstract

We estimate the technical efficiency gains of introducing individual quotas (IQs) in fisheries. Our estimates are based on two samples of vessels, considering a potential self-selection bias and controlling for quality changes in landings induced by the IQ system. The results suggest that the introduction of IQs has an important positive impact on fleet efficiency, and that properly measuring this impact requires controlling for the self-selection bias and quality changes induced by the regulatory shift.

Type
Research Article
Information
Environment and Development Economics , Volume 15 , Issue 5 , October 2010 , pp. 585 - 607
Copyright
Copyright © Cambridge University Press 2010

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

We are grateful to three anonymous referees of this journal for their helpful comments and suggestions. The usual disclaimer of responsibilities obviously applies. We gratefully acknowledge partial financial support for the revision stage of this paper provided by the Dirección de Investigación, Universidad de Concepción.

References

Anderson, L.G. (1999), ‘The microeconomics of vessel behavior: a detailed short-run analysis of the effects of regulation’, Marine Resource Economics 14 (2): 129–150.CrossRefGoogle Scholar
Arnason, R. (2002), ‘A review of international experiences with ITQs: an annex to Future Options for UK Fish Quota Management’, CEMARE Rep. no 58, University of Portsmouth, United Kingdom.Google Scholar
Battese, G. and Coelli, T. (1995), ‘A model for technical inefficiency effects in a stochastic frontier production function for panel data’, Empirical Economics 20: 325–332.CrossRefGoogle Scholar
Brandt, S. (2007), ‘Evaluating tradable property rights from natural resources. The role of strategic entry and exit’, Journal of Economic Behaviour and Organization 63: 158–176.CrossRefGoogle Scholar
Brown, G. (2000), ‘Renewable natural resource management and use without markets’, Journal of Economic Literature 38: 875–914.CrossRefGoogle Scholar
Dresdner, J., Chávez, C., Villena, M., Henríquez, G., Baquedano, M., Campos, N., González, N., Salazar, C., and Sobenes, C. (2007), ‘Evaluación del Impacto de la Aplicación de LMCA en la Estructura de la Industria Extractiva Industrial, en una Perspectiva Histórica’, Informe Final, Proyecto FIP 2005–23, Programa de Estudios Económicos y Sociales del Sector Pesquero, Universidad de Concepción.Google Scholar
Fox, K., Grafton, R.Q., Kirkley, J., and Squires, D. (2003), ‘Property rights in a fishery: regulatory change and firm performance’, Journal of Environmental Economics and Management 46: 156–177.CrossRefGoogle Scholar
Gordon, D., Dupont, D., Fox, K., and Grafton, R.Q. (2003), ‘Profit and price effects of multi-species individual transferable quotas’, Discussion Paper 2003–08, Department of Economics, University of Calgary.Google Scholar
Grafton, R.Q. (1996), ‘Experiences with individual transferable quotas: an overview’, The Canadian Journal of Economics 29(Special Issue: Part 1): S135–S138.CrossRefGoogle Scholar
Grafton, R.Q., Squires, D., and Fox, K. (2000), ‘Private property and economic efficiency: a study of a common-pool resource’, Journal of Law and Economics 43: 679–713.CrossRefGoogle Scholar
Heckman, J. (1979), ‘Sample selection bias as a specification error’, Econometrica 47 (1): 153–161.CrossRefGoogle Scholar
IFOP (2009), ‘Instituto de Fomento Pesquero’ [Online], http://www.ifop.clGoogle Scholar
Law No 19.713 (2001), ‘Límite Máximo de Captura por Armador’, Undersecretary of Fisheries of the Government of Chile, [Online], http//www.subpesca.cl, Decrees and Laws.Google Scholar
Pascoe, S., Andersen, J.L., and de Wilde, J.-W. (2001), ‘The impact of management regulation on the technical efficiency of vessels in the Dutch beam trawl fishery’, European Review of Agricultural Economics 28 (2): 187–206.CrossRefGoogle Scholar
Weninger, Q. (1998), ‘Assessing efficiency gains from individual transferable quotas: an application to the mid-Atlantic surf clam and the ocean quahog fishery’, American Journal of Agricultural Economics 80: 750–764.CrossRefGoogle Scholar
Wilen, J. (2000), ‘Renewable resource economists and policy: what difference have we made?’ Journal of Environmental Economics and Management 39: 306–327.CrossRefGoogle Scholar
Supplementary material: PDF

Dresdner supplementary material

Appendices.pdf

Download Dresdner supplementary material(PDF)
PDF 137.1 KB