Capacity reduction, quota trading and productivity: the case of a fishery
We present the first ex post study that quantitatively analyses the effects of a licence buy-back and enhanced quota trading on the profitability and productivity of individual vessels in a fishery. Using firm-level data and a profit index decomposition method, we find that small and large vessels and three different trawler fleets all experienced substantial productivity gains in the year immediately following a licence buy-back and the establishment of a quota brokerage service. The apparent...[Show more]
|Collections||ANU Research Publications|
|Source:||Australian Journal of Agricultural and Resource Economics|
|01_Fox_Capacity_reduction,_quota_2006.pdf||368 kB||Adobe PDF||Request a copy|
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