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AgEcon Search >
Marine Resource Economics >
Volume 11, Number 2, 1996 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/28184
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| Title: | VALUE-BASED ITQ'S |
| Authors: | Turner, Matthew A. |
| Issue Date: | 1996 |
| Abstract: | There is empirical and theoretical evidence indicating that quota-induced highgrading is a problem in weight-based ITQ programs. This paper examines value-based ITQ programs as a possible solution to this problem. It is shown that value-based ITQ programs do not provide an incentive to highgrade, and may achieve a target harvest with greater accuracy than weight-based ITQ programs. Two ways of administering value-based ITQ programs are suggested. Though both are arguably more difficult to administer than a weight-based ITQ program, a value-based ITQ program may be less complicated than a weight-based ITQ program coupled with the sorts of taxes, landings restrictions, or multiple quotas, that have been proposed as remedies for quota-induced highgrading. |
| URI: | http://purl.umn.edu/28184 |
| Institution/Association: | Marine Resource Economics>Volume 11, Number 2, 1996 |
| Total Pages: | 11 |
| Language: | English |
| From Page: | 59 |
| To Page: | 69 |
| Collections: | Volume 11, Number 2, 1996
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