A Note on Uncertainty and Rent Capture in an ITQ Fishery

Abstract

This note addresses the effect of uncertainty on the expected resource rent, the short-run quota equilibrium, and the methods of rent capture in an individual transferable quota fishery with heterogeneous fishers. It presents some new results on the effects of output price uncertainty on the quota demands, the short-run equilibrium, and the possible choice of a method of rent capture. Show more