Individual transferable quotes in a multiproduct common property industry.
This paper extends the method of virtual prices for quantity constraints to provide inverse derived demand functions for quotas and quota market equilibrium and pricing. The approach is applied to evaluate the anticipated effects of a potential program of individual transferable quotas addressing t...
| Publicado en: | Canadian Journal of Economics Vol. 29; pp. 318 - 343 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
May 1996
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512788235&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512788235 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00084085 CJE jtl: Canadian Journal of Economics issn: 00084085 maglogo: N pubinfo: dt: May 1996 vid: 29 pid: 480 pub: Wiley-Blackwell artinfo: ui: 512788235 10.2307/136292 ppf: 318 ppct: 25 formats: tig: atl: Individual transferable quotes in a multiproduct common property industry. aug: au: Squires, Dale Kirkley, James su: Production (Economic theory) Quantity of products Rent (Economic theory) Fisheries Fishery management Pacific Coast (U.S.) sug: subj: Pacific Coast (U.S.) Production (Economic theory) Quantity of products Rent (Economic theory) Fisheries Fishery management keyword: Production quotas ab: This paper extends the method of virtual prices for quantity constraints to provide inverse derived demand functions for quotas and quota market equilibrium and pricing. The approach is applied to evaluate the anticipated effects of a potential program of individual transferable quotas addressing the ill-structured property rights and market failure of a multi-product common property fishery. The results indicate that individual transferable quotas on multiple products may not generate the desired rents or achieve biological objectives, owing to limitations when joint products are regulated. However, an individual transferable quota on a single joint product may induce industry disinvestment and reduce overcapitalization. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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