This paper discusses the use of options as a tool to retrieve valuable information on the value and level of risk associated with owning a share in a stock of renewable resource. The objective is to show how theory on options trading can be used to obtain information on the...
Individual Transferable Quota systems (ITQ's) were implemented in the Icelandic groundfish fisheries in 1984, or twenty years ago. The system was not a 'pure' ITQ system from the beginning, notably with different regulations for different fleet segments and with several changes along the way. The current system has mostly been...
This pilot study maps the structural changes in the Icelandic fisheries sector from 1990 to present, from the general to the specific. The background is the radical and substantial changes in the structure of harvesting, production and processing; in the export activities and marketing in Icelandic fisheries. The main characteristics...
Capacity reduction programs in the form of buybacks or decommissioning programs have had relatively widespread application in fisheries in the US, Europe and Australia. A common criticism of such programs is that they remove the least efficient vessels first, resulting in an increase in average efficiency of the remaining fleet....
The Conference Program for IIFET, held July 10-14 in Corvallis, Oregon. Program lists the sessions by date and time and includes the session titles, speakers and paper titles.