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| Fox, Kevin J.; Grafton, R. Quentin; Kompas, Tom; Che, Tuong Nhu. |
| We present the first ex post study that quantitatively analyses the effects of a licence buyback and enhanced quota trading on the profitability and productivity of individual vessels in a fishery. Using firm-level data and a profit index decomposition method, we find that small and large vessels and three different trawler fleets all experienced substantial productivity gains in the year immediately following a licence buy-back and the establishment of a quota brokerage service. The apparent ongoing benefits of the buy-back and increased quota trading over the sample period are in stark contrast to the generally unfavourable long-term outcomes commonly associated with vessel buy-backs in input-controlled fisheries. |
| Tipo: Journal Article |
Palavras-chave: Capacity reduction; Fishery; Productivity; Quota trading; Productivity Analysis. |
| Ano: 2006 |
URL: http://purl.umn.edu/116929 |
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