Is national transferable quota an economic policy option?

Yoshihiro Kuronuma (National Research Institute of Fisheries Science, Fisheries Agency, Ministry of Agriculture, Forestry and Fisheries, Yokohama, Japan)

International Journal of Social Economics

ISSN: 0306-8293

Publication date: 1 April 1996

Abstract

Examines one of the hypothetical economic policy options for international fisheries management, namely a national transferable quota (NTQ). Special emphasis will be placed on an examination of the voluntary agreement on the Antarctic whaling quota in 1962, as well as the trend in recent southern bluefin tuna (SBT) fisheries. An examination of the Antarctic whaling agreement, from a standpoint of economic efficiency, indicates that the 1962 agreement resulted in Pareto improvement. The trend in recent SBT fisheries also shows the economic rationalization between Japan, Australia and New Zealand. These events indicate that NTQ as an economic policy option has been unconsciously applied in international management systems in order to achieve mutual and effective agreement among the countries. It is, however, important to consider the possibility of an international monopolistic supply situation if the decision makers decide to implement this option. Discusses the possibility of third‐degree price discrimination in relation to the SBT.

Keywords

Citation

Kuronuma, Y. (1996), "Is national transferable quota an economic policy option?", International Journal of Social Economics, Vol. 23 No. 4/5/6, pp. 346-356. https://doi.org/10.1108/03068299610121903

Download as .RIS

Publisher

:

MCB UP Ltd

Copyright © 1996, MCB UP Limited

Please note you might not have access to this content

You may be able to access this content by login via Shibboleth, Open Athens or with your Emerald account.
If you would like to contact us about accessing this content, click the button and fill out the form.
To rent this content from Deepdyve, please click the button.