Privatization and Regulation of Capacity in a Multi-Product Fishery: A Purse from a Sow's Ear?
By Diane Dupont, Quentin Grafton, James Kirkley, and Dale Squires
ABSTRACT
Using individual firm data from before and after the introduction of ITQs in the multi-species Nova Scotia mobile gear fishery, data envelopment analysis (DEA) is used to examine issues relating to capacity and capacity utilization. The paper is the first to look at capacity utilization in the context of a multi-species fishery that has both ITQ and non-ITQ components. The paper examines how a change in the property rights regime can affect a multi-product industry and the consequences of these changes in terms of product-specific capacity utilization, as well as aggregate capacity utilization. The results provide insights to regulators interested in using market-based approaches to improve efficiency in multi-product industries.
KEYWORDS:multi-species fisheries, DEA (data envelopment analysis), capacity, capacity utilization, individual quotas
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