Gains from quota trade: theoretical models and an application to the Danish fishery
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Gains from quota trade : theoretical models and an application to the Danish fishery. / Andersen, Jesper Levring; Bogetoft, Peter.
I: European Review of Agricultural Economics, Bind 34, Nr. 1, 2007, s. 105-127.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Gains from quota trade
T2 - theoretical models and an application to the Danish fishery
AU - Andersen, Jesper Levring
AU - Bogetoft, Peter
PY - 2007
Y1 - 2007
N2 - We provide a framework for evaluating potential effects of introducing tradable quotas to a sector. The effects depend on the economies of scale and scope of the production technology, and on firms' ability and willingness to learn best practice methods (catching up) and to change their input and output composition (mix). To illustrate our approach, data from the Danish fishery are used to calculate the potential gains from introducing individually transferable fishing quotas. Data envelopment analysis is used to model the production technology. We find that pure reallocation is as important as pure learning, i.e. quota reallocation without catching-up is as valuable as learning best practice with fixed allocations.
AB - We provide a framework for evaluating potential effects of introducing tradable quotas to a sector. The effects depend on the economies of scale and scope of the production technology, and on firms' ability and willingness to learn best practice methods (catching up) and to change their input and output composition (mix). To illustrate our approach, data from the Danish fishery are used to calculate the potential gains from introducing individually transferable fishing quotas. Data envelopment analysis is used to model the production technology. We find that pure reallocation is as important as pure learning, i.e. quota reallocation without catching-up is as valuable as learning best practice with fixed allocations.
KW - Former LIFE faculty
KW - data envelopment analysis
KW - idividual transferable quotas
KW - reallocation
KW - technical efficiency
KW - allocative effeciency
KW - fishery
U2 - 10.1093/erae/jbm003
DO - 10.1093/erae/jbm003
M3 - Journal article
VL - 34
SP - 105
EP - 127
JO - European Review of Agricultural Economics
JF - European Review of Agricultural Economics
SN - 0165-1587
IS - 1
ER -
ID: 8075856