Gains from quota trade: theoretical models and an application to the Danish fishery

Research output: Contribution to journalJournal articleResearchpeer-review

Standard

Gains from quota trade : theoretical models and an application to the Danish fishery. / Andersen, Jesper Levring; Bogetoft, Peter.

In: European Review of Agricultural Economics, Vol. 34, No. 1, 2007, p. 105-127.

Research output: Contribution to journalJournal articleResearchpeer-review

Harvard

Andersen, JL & Bogetoft, P 2007, 'Gains from quota trade: theoretical models and an application to the Danish fishery', European Review of Agricultural Economics, vol. 34, no. 1, pp. 105-127. https://doi.org/10.1093/erae/jbm003

APA

Andersen, J. L., & Bogetoft, P. (2007). Gains from quota trade: theoretical models and an application to the Danish fishery. European Review of Agricultural Economics, 34(1), 105-127. https://doi.org/10.1093/erae/jbm003

Vancouver

Andersen JL, Bogetoft P. Gains from quota trade: theoretical models and an application to the Danish fishery. European Review of Agricultural Economics. 2007;34(1):105-127. https://doi.org/10.1093/erae/jbm003

Author

Andersen, Jesper Levring ; Bogetoft, Peter. / Gains from quota trade : theoretical models and an application to the Danish fishery. In: European Review of Agricultural Economics. 2007 ; Vol. 34, No. 1. pp. 105-127.

Bibtex

@article{9cb6dca0a1c211ddb6ae000ea68e967b,
title = "Gains from quota trade: theoretical models and an application to the Danish fishery",
abstract = "We provide a framework for evaluating potential effects of introducing tradable quotas to a sector. The effects depend on the economies of scale and scope of the production technology, and on firms' ability and willingness to learn best practice methods (catching up) and to change their input and output composition (mix). To illustrate our approach, data from the Danish fishery are used to calculate the potential gains from introducing individually transferable fishing quotas. Data envelopment analysis is used to model the production technology. We find that pure reallocation is as important as pure learning, i.e. quota reallocation without catching-up is as valuable as learning best practice with fixed allocations.",
keywords = "Former LIFE faculty, data envelopment analysis, idividual transferable quotas, reallocation, technical efficiency, allocative effeciency, fishery",
author = "Andersen, {Jesper Levring} and Peter Bogetoft",
year = "2007",
doi = "10.1093/erae/jbm003",
language = "English",
volume = "34",
pages = "105--127",
journal = "European Review of Agricultural Economics",
issn = "0165-1587",
publisher = "Oxford University Press",
number = "1",

}

RIS

TY - JOUR

T1 - Gains from quota trade

T2 - theoretical models and an application to the Danish fishery

AU - Andersen, Jesper Levring

AU - Bogetoft, Peter

PY - 2007

Y1 - 2007

N2 - We provide a framework for evaluating potential effects of introducing tradable quotas to a sector. The effects depend on the economies of scale and scope of the production technology, and on firms' ability and willingness to learn best practice methods (catching up) and to change their input and output composition (mix). To illustrate our approach, data from the Danish fishery are used to calculate the potential gains from introducing individually transferable fishing quotas. Data envelopment analysis is used to model the production technology. We find that pure reallocation is as important as pure learning, i.e. quota reallocation without catching-up is as valuable as learning best practice with fixed allocations.

AB - We provide a framework for evaluating potential effects of introducing tradable quotas to a sector. The effects depend on the economies of scale and scope of the production technology, and on firms' ability and willingness to learn best practice methods (catching up) and to change their input and output composition (mix). To illustrate our approach, data from the Danish fishery are used to calculate the potential gains from introducing individually transferable fishing quotas. Data envelopment analysis is used to model the production technology. We find that pure reallocation is as important as pure learning, i.e. quota reallocation without catching-up is as valuable as learning best practice with fixed allocations.

KW - Former LIFE faculty

KW - data envelopment analysis

KW - idividual transferable quotas

KW - reallocation

KW - technical efficiency

KW - allocative effeciency

KW - fishery

U2 - 10.1093/erae/jbm003

DO - 10.1093/erae/jbm003

M3 - Journal article

VL - 34

SP - 105

EP - 127

JO - European Review of Agricultural Economics

JF - European Review of Agricultural Economics

SN - 0165-1587

IS - 1

ER -

ID: 8075856