Catch limits, capacity utilization and cost reduction in Japanese fishery management

Yagi, Michiyuki & Managi, Shunsuke (2011) Catch limits, capacity utilization and cost reduction in Japanese fishery management. Agricultural Economics, 42(5), pp. 577-592.

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Japan's fishery harvest peaked in the late 1980s. To limit the race for fish, each fisherman could be provided with specific catch limits in the form of individual transferable quotas (ITQs). The market for ITQs would also help remove the most inefficient fishers. In this article we estimate the potential cost reduction associated with catch limits, and find that about 300 billion yen or about 3 billion dollars could be saved through the allocation and trading of individual-specific catch shares.

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4 citations in Scopus
2 citations in Web of Science®
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ID Code: 75455
Item Type: Journal Article
Refereed: Yes
Keywords: Capacity output; Capacity utilization; Individual quotas; Japan; L70; Production frontier; Q18; Q22
DOI: 10.1111/j.1574-0862.2010.00533.x
ISSN: 0169-5150
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 24 Aug 2014 23:49
Last Modified: 25 Aug 2014 23:53

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