An inverse system framework is followed in this paper to analyse the process of price formation in the Sydney Fish Market for the quota species of Australias South East Fishery. The log-linear version is supported by the data and the system is estimated using the seemingly unrelated regression (SUR) technique....
Around 100 commercial fish species are utilized by the trawl sector of the Australian South East Fishery, of which sixteen major species were brought into an ITQ management system in 1992. A revenue function approach is used to analyze catch, price and effort data for the period 1990-96, and to...