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Capacity reduction, quota trading and productivity: the case of a fishery

Fox, Kevin J; Kompas, Thomas; Che, Tuong Nhu; Grafton, Quentin

Description

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]

dc.contributor.authorFox, Kevin J
dc.contributor.authorKompas, Thomas
dc.contributor.authorChe, Tuong Nhu
dc.contributor.authorGrafton, Quentin
dc.date.accessioned2015-12-07T22:47:24Z
dc.identifier.issn1364-985X
dc.identifier.urihttp://hdl.handle.net/1885/26055
dc.description.abstractWe 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 ongoing benefits of the buy-back and increased quota trading over the sample period are in stark contrast to the generally unfavourable long-term outcomes commonly associated with vessel buy-backs in input-controlled fisheries.
dc.publisherBlackwell Publishing Ltd
dc.sourceAustralian Journal of Agricultural and Resource Economics
dc.subjectKeywords: decomposition analysis; fishery economics; productivity; profitability; quota system Capacity reduction; Fishery; Productivity; Quota trading
dc.titleCapacity reduction, quota trading and productivity: the case of a fishery
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume50
dc.date.issued2006
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationu4132787xPUB42
local.type.statusPublished Version
local.contributor.affiliationFox, Kevin J, University of New South Wales
local.contributor.affiliationGrafton, R Quentin, College of Asia and the Pacific, ANU
local.contributor.affiliationKompas, Thomas, College of Asia and the Pacific, ANU
local.contributor.affiliationChe, Tuong Nhu, Australian Bureau of Agricultural and Resource Economics
local.description.embargo2037-12-31
local.bibliographicCitation.issue2
local.bibliographicCitation.startpage189
local.bibliographicCitation.lastpage206
local.identifier.doi10.1111/j.1467-8489.2006.00331.x
dc.date.updated2015-12-07T11:51:15Z
local.identifier.scopusID2-s2.0-33745521095
CollectionsANU Research Publications

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