A NOTE ON UNCERTAINTY AND RENT CAPTURE IN AN ITQ FISHERY

Authors
GRAFTON RQ
Citation
Rq. Grafton, A NOTE ON UNCERTAINTY AND RENT CAPTURE IN AN ITQ FISHERY, Journal of environmental economics and management, 27(3), 1994, pp. 286-294
Citations number
20
Categorie Soggetti
Business,Economics,"Environmental Studies
Journal title
Journal of environmental economics and management → ACNP
ISSN journal
00950696
Volume
27
Issue
3
Year of publication
1994
Pages
286 - 294
Database
ISI
SICI code
0095-0696(1994)27:3<286:ANOUAR>2.0.ZU;2-S
Abstract
This note addresses the effect of uncertainty on the expected resource rent, the short-run quota equilibrium, and the methods of rent captur e in an individual transferable quota fishery with heterogeneous fishe rs. It presents some new results on the effects of output price uncert ainty on the quota demands, the short-run equilibrium, and the possibl e choice of a method of rent capture. (C) 1994 Academic Press, Inc.