A Note on Uncertainty and Rent Capture in an ITQ Fishery

This note addresses the effect of uncertainty on the expected resource rent, the short-run quota equilibrium, and the methods of rent capture in an individual transferable quota fishery with heterogeneous fishers. It presents some new results on the effects of output price uncertainty on the quota d...

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Veröffentlicht in:	Journal of environmental economics and management 1994-11, Vol.27 (3), p.286-294
1. Verfasser:	Grafton, R.Quentin
Format:	Artikel
Sprache:	eng
Schlagworte:	ADMINISTRACION PESQUERA ALQUILERES Commercial fishing Economics Environmental economics Fisheries Fishery economics Fishery management GESTION DES PECHES LOYER Mathematical models MODELE MATHEMATIQUE MODELOS MATEMATICOS PRECIO AL PRODUCTOR PRIX A LA PRODUCTION Property rights Quotas REGULACION DE LA PRODUCCION REGULATION DE LA PRODUCTION Rent Rentals Rents Studies TECHNOLOGIE TECNOLOGIA Uncertainty
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Beschreibung
Zusammenfassung:	This note addresses the effect of uncertainty on the expected resource rent, the short-run quota equilibrium, and the methods of rent capture in an individual transferable quota fishery with heterogeneous fishers. It presents some new results on the effects of output price uncertainty on the quota demands, the short-run equilibrium, and the possible choice of a method of rent capture.
ISSN:	0095-0696 1096-0449
DOI:	10.1006/jeem.1994.1040