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Catch limits, capacity utilization and cost reduction in Japanese fishery management

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  • Yagi, Michiyuki
  • Managi, Shunsuke

Abstract

Japan’s fishery harvest peaked in the late 1980s. To limit the race for fish, each fisherman could be provided with specific catch limits in the form of individual transferable quotas (ITQs). The market for ITQs would also help remove the most inefficient fishers. In this article we estimate the potential cost reduction associated with catch limits, and find that about 300 billion yen or about 3 billion dollars could be saved through the allocation and trading of individual-specific catch shares.

Suggested Citation

  • Yagi, Michiyuki & Managi, Shunsuke, 2011. "Catch limits, capacity utilization and cost reduction in Japanese fishery management," MPRA Paper 96385, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:96385
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    References listed on IDEAS

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    Cited by:

    1. Ho Geun Jang & Satoshi Yamazaki & Eriko Hoshino, 2019. "Profit and equity trade‐offs in the management of small pelagic fisheries: the case of the Japanese sardine fishery," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(3), pages 549-574, July.
    2. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison," Pacific Economic Review, Wiley Blackwell, vol. 22(4), pages 720-739, October.
    3. Tanaka, Kenta & Higashida, Keisaku & Managi, Shunsuke, 2014. "A laboratory assessment of the choice of vessel size under individual transferable quota regimes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(3), July.
    4. Cesaroni, Giovanni & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2019. "Short- and long-run plant capacity notions: Definitions and comparison," European Journal of Operational Research, Elsevier, vol. 275(1), pages 387-397.
    5. Toshi H.Arimura & Shinji Kaneko & Shunsuke Managi & Takayoshi Shinkuma & Masashi Yamamoto & Yuichiro Yoshida, 2016. "Political Economy of Voluntary Approaches: A Lesson from Environmental Policies," Working Papers e107, Tokyo Center for Economic Research.
    6. Kristiaan Kerstens & Jafar Sadeghi & Ignace Woestyne & John Walden, 2024. "Short-run Johansen frontier-based industry models: methodological refinements and empirical illustration on fisheries," Journal of Productivity Analysis, Springer, vol. 61(1), pages 47-62, February.
    7. Arimura, Toshi H. & Kaneko, Shinji & Managi, Shunsuke & Shinkuma, Takayoshi & Yamamoto, Masashi & Yoshida, Yuichiro, 2019. "Political economy of voluntary approaches: A lesson from environmental policies in Japan," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 41-53.
    8. Nicolas Sanz & Bassirou Diop & Fabian Blanchard & Luis Lampert, 2017. "On the influence of environmental factors on harvest: the French Guiana shrimp fishery paradox," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 19(2), pages 233-247, April.
    9. Asproudis, Elias & Filippiadis, Eleftherios, 2021. "Bargaining for Community Fishing Quotas," MPRA Paper 107409, University Library of Munich, Germany.
    10. Shunsuke Managi & Suman K. Sharma, 2016. "Special Issue Of The Singapore Economic Review — Economics Of Crises And Disasters," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(01), pages 1-10, March.

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    More about this item

    Keywords

    Capacity output; Capacity utilization; Individual quotas; Production frontier; Japan;
    All these keywords.

    JEL classification:

    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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