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| Author: | Heaps, T. |
| Title: | The effects on welfare of the imposition of individual transferable quotas on a heterogeneous fishing fleet |
| Journal: | Journal of Environmental Economics and Management
2003 : NOV, VOL. 46:3, p. 557-576 |
| Index terms: | allocation fishing industry welfare |
| Language: | eng |
| Abstract: | This article explores the determination of effort levels, the rental price of quotas and the number of participants in a fishery managed with a total allowable catch and individual transferable quotas. How these variables change is determined for three phases of the management process. The impact of free allocations of permanent quota rights on fishers' welfare is also considered. This may increase the welfare of all fishers if the allocation is based on catch history. |
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