Individual transferable quotas: theory and practice |
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| Authors: | R Quentin Grafton |
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| Institution: | (1) Department of Economics, University of Ottawa, Station A, PO Box 450, K1N 6N5 Ottawa, Ontario, Canada |
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| Abstract: | The paper examines the theory and practice of individual transferable quotas (ITQs) in fisheries. Using the experience of several countries, a number of ITQ programmes are examined with respect to fisher compliance and their effect upon economic efficiency, employment, the harvesting shares of fishers, cost recovery and rent capture.
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