Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173830
Authors: 
Kroetz, Kailin
Sanchirico, James N.
Contreras, Elsa Galarza
Novoa, David Corderi
Collado, Nestor
Swiedler, Elaine W.
Year of Publication: 
2016
Series/Report no.: 
IDB Working Paper Series IDB-WP-749
Abstract: 
The implementation of rights-based management programs is increasing worldwide yet there are few ex post evaluations, especially in developing country contexts. In this paper we examine changes following the implementation of a catch share system in the Peruvian anchovy fishery, which is the world's largest commercial fishery by volume. After implementation of the Individual Vessel Quota (IVQ) management system, we observe a shift toward higher-value products and a 97% increase in per-unit revenue from 2008 to 2013. We also find that landings are more spread out over the fishing season, with an increase in the number of fishing days. Additionally, fleet consolidation occurs over time with a shift toward larger vessels in the steel fleet. Finally, using cost estimates from a large fishing firm on the cost of steel vessel operation, we estimate variable harvesting profit increased from 34-41% of the ex-vessel price pre-IVQ to 63-65% post.
Subjects: 
Catch shares
Peru
Individual Vessel Quotas (IVQs)
Anchovy
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

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