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Fishery Management In A Household Economy: Will Individual Transferable Quotas System Work?

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  • Uchida, Hirotsugu

Abstract

Individual transferable quotas system is widely regarded as the best fishery management regime. The literature, however, has ignored the consequence of this managerial system under the existence of market imperfection. This article analyzes the behavior of fishing households based on the household model when individual transferable quota system is introduced under missing labor market. It is shown that the individual transferable quotas system could adversely redistribute the quotas through quotas trade and thus cause social inefficiency.

Suggested Citation

  • Uchida, Hirotsugu, 2003. "Fishery Management In A Household Economy: Will Individual Transferable Quotas System Work?," 2003 Annual meeting, July 27-30, Montreal, Canada 22243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:22243
    DOI: 10.22004/ag.econ.22243
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    References listed on IDEAS

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    1. de Janvry, Alain & Fafchamps, M. & Sadoulet, Elisabeth, 1991. "Peasant Household Behavior with Missing Markets: Some Paradoxes Explain," CUDARE Working Papers 198579, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. Israel Finkelshtain & James A. Chalfant, 1991. "Marketed Surplus under Risk: Do Peasants Agree with Sandmo?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 557-567.
    3. de Janvry, Alain & Fafchamps, Marcel & Sadoulet, Elisabeth, 1991. "Peasant Household Behaviour with Missing Markets: Some Paradoxes Explained," Economic Journal, Royal Economic Society, vol. 101(409), pages 1400-1417, November.
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