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

Yagi, Michiyuki and Managi, Shunsuke (2011): Catch limits, capacity utilization and cost reduction in Japanese fishery management. Published in: Agricultural Economics , Vol. 5, No. 42 (24 January 2011): pp. 577-592.

Abstract

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Capacity output; Capacity utilization; Individual quotas; Production frontier; Japan
• Subjects: L - Industrial Organization > L7 - Industry Studies: Primary Products and Construction > L70 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q18 - Agricultural Policy ; Food Policy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q22 - Fishery ; Aquaculture

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