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  • Observing Recovery: The Role of Implicit Discount Rates in ITQ Fisheries

    Creator:
    Batstone, Chris and Sharp, Basil
    Abstract:
    This paper discusses the potential application of implicit discount rates (IDR) derived from Individual Transferable Quota (ITQ) trading data as indicators of fishery bio-economic health. The theoretical background is discussed, and in the context of one New Zealand ITQ fishery we analyze the behavior of IDR over ten years of...
    Resource Type:
    Research Paper
    Full Text:
    Basil Sharp, The University of Auckland, b.sharp@auckland.ac.nz ABSTRACT This paper discusses the

  • Rate of Profit Return with ITQs: Fishing for Optimality

    Creator:
    Zhang, Meng, Batstone, Chris, and Sharp, Basil
    Abstract:
    The year 1990 saw the introduction of individual transferable quota rights to the NZ rock lobster fishery. This paper presents an analysis of the evolution of profitability in five different quota management areas over the period 1990-2001. The bio-economic model of an optimal fishery provides the basis for econometric analysis....
    Resource Type:
    Research Paper
    Full Text:
    RATE OF PROFIT RETURN WITH ITQs: FISHING FOR OPTIMALITY Meng Zhang*, Chris Batstone**, Basil Sharp