In this paper we define the regulatory structure of the New Zealand Quota Management System (QMS) and document key changes in its operation over time. We document the relevant legislation that affected the quota market from the Fisheries Act 1983 forward. We describe how the QMS operates in New Zealand...
Fisheries worldwide continue to suffer from the negative consequences of open access. In 1986, New Zealand responded by establishing an individual transferable quota (ITQ) system that by 1998 included 33 species and more than 150 markets for fishing quotas. We assess these markets in terms of trends in market activity,...
Ankle injuries account for 10-20% of time loss injuries in sports
with almost 85% of these injuries being sprains, the majority of
which occur to the lateral ligamentous complex. With statistics such
as these it becomes important that the Athletic Trainer establish a
method for effective and efficient means to...
The objective of this paper is to illustrate that economic institutions matter, i.e., that different rules of trade present different incentives for bidding, asking and trading in new markets, and that these different incentives lead to different price discovery patterns which yield materially different outcomes. In a laboratory tradable fishing...
"Slipper skippers", "absentee landlord" or "absentee ownership", "fleet separation policy"... All these expressions describe a single feature: the separation between two economic functions, ownership (who gets the right to access the resource) and production (who exerts the right). This issue is considered as highly sensitive in several places, such as...
It has been standard practice in the United States to separate lipid emulsions from the other components of total parenteral nutrition due to the reported instability of admixed intravenous lipid emulsions. Some clinicians, however, have combined all TPN components into one container and administered these admixtures to patients without apparent...
With the advent of tradable permit programs for bad outputs (e.g., SO₂ emissions); concerns arose over whether
the theoretical gains from trade would be realized. We will employ a methodology that calculates the potential
gains accruing to coal-fired electric power plants from implementing a tradable permit program. The magnitude
of...
Full Text:
(November).
Kerr, Suzi, Mare, David C., 1998. Transaction Costs and Tradable Permit Markets: The United
Characteristics of bacterial clearance were investigated in the
purple sea urchin, Strongylocentrotus purpuratus (Echinodermata:
Echinoidea). Primary clearance kinetics were determined for three
bacteria, a marine Gram negative motile rod, a marine Gram positive non-motile
rod, and a fresh water fish pathogen, Aeromonas salmonicida.
Various doses of live bacteria were injected...