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Design principles for individual transferable quotas

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Abstract

Individual transferable quote (ITQ) institutions should be designed to minimize two types of transaction costs.

Suggested Citation

  • Mike Young & Jim McColl, 2004. "Design principles for individual transferable quotas," Natural Resource Management Economics 04_004, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    • Handle: RePEc:csi:report:04_004
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    References listed on IDEAS

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    1. Ian J. Bateman & Christine Ennew & Andrew A. Lovett & Anthony J. Rayner, 1999. "Modelling and Mapping Agricultural Output Values Using Farm Specific Details and Environmental Databases," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 488-511, September.
    2. Martin de Santa Olalla, F. & Calera, A. & Dominguez, A., 2003. "Monitoring irrigation water use by combining Irrigation Advisory Service, and remotely sensed data with a geographic information system," Agricultural Water Management, Elsevier, vol. 61(2), pages 111-124, June.
    3. Bastian, Chris T. & McLeod, Donald M. & Germino, Matthew J. & Reiners, William A. & Blasko, Benedict J., 2002. "Environmental amenities and agricultural land values: a hedonic model using geographic information systems data," Ecological Economics, Elsevier, vol. 40(3), pages 337-349, March.
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    Cited by:

    1. Ralph E. Townsend, 2010. "Transactions costs as an obstacle to fisheries self-governance in New Zealand," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 301-320, July.
    2. Coglan, Louisa & Pascoe, Sean, 2015. "Corporate-cooperative management of fisheries: A potential alternative governance structure for low value small fisheries?," Marine Policy, Elsevier, vol. 57(C), pages 27-35.
    3. Townsend, Ralph E., 2010. "Transactions costs as an obstacle to fisheries self-governance in New Zealand," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 1-20.
    4. Lawrence J. White, 2006. "The Fishery as a Watery Commons: Lessons from the Experiences of Other Public Policy Areas for US Fisheries Policy," Working Papers 06-18, New York University, Leonard N. Stern School of Business, Department of Economics.
    5. Pierce, Brett & Mozumder, Pallab, 2014. "Perceptions and preferences of commercial fishers for dedicated access privilege framework in a multispecies fishery," Marine Policy, Elsevier, vol. 45(C), pages 52-59.

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    More about this item

    Keywords

    Fisheries management; individual transferable quotas; transactions costs;
    All these keywords.

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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