Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146464
Authors: 
Kroetz, Kailin
Sanchirico, James N.
Peña-Torres, Julio
Corderi Novoa, David
Year of Publication: 
2016
Series/Report no.: 
IDB Working Paper Series IDB-WP-672
Abstract: 
The debate in commercial fishery management has evolved from whether well-defined rights are necessary for sustainability to measuring the impacts of different rights-based system designs. Most assessments are on developed world fisheries. Using a unique collection of datasets, we develop counterfactuals to evaluate the impacts of the Chilean Jack Mackerel catch share program. We investigate vessel and trip characteristics, as well as trip costs and revenues, before and after the implementation of the program. We find an increase in higher value products and associated revenue, as well as consolidation of catch on larger vessels, vessels taking longer trips, and catching more per trip. Overall, we estimate that the program led to a measureable increase in fishing profits, mainly due to movement toward higher value products. A back-of-the-envelope calculation results in an implied annual quota rental rate on the order of ~15-19% of ex-vessel prices.
Subjects: 
Catch shares
Chile
Individual Transferrable Quotas (ITQs)
Jack Mackerel
JEL: 
Q22
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode
Document Type: 
Working Paper

Files in This Item:
File
Size
809.72 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.