CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET
This paper gives an account of the development of fishery regulation and management in Iceland, including the development of cod stocks, and the fishing fleet in Iceland since 1945. There was considerable experimentation with fishery management systems in Iceland beginning in 1975. Many economists a...
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ftagecon:oai:ageconsearch.umn.edu:28142 2023-05-15T16:45:58+02:00 CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET Matthiasson, Thorolfur 1997 20 application/pdf http://purl.umn.edu/28142 English en eng AgEcon Search Marine Resource Economics>Volume 12, Number 2, 1997 14935 http://purl.umn.edu/28142 Public Economics Resource /Energy Economics and Policy Journal Article 1997 ftagecon 2012-09-12T16:24:39Z This paper gives an account of the development of fishery regulation and management in Iceland, including the development of cod stocks, and the fishing fleet in Iceland since 1945. There was considerable experimentation with fishery management systems in Iceland beginning in 1975. Many economists and others predicted that the fishing fleet would be reduced as result of the new regimes, but this has not happened to the extent anticipated. Local governments have traditionally had a stake in the Icelandic fisheries. The motives of local municipalities might conflict with the motives pursued by the fishery managers. A theoretical model is developed to understand the consequences of local politicians' involvement in the quota market. Furthermore, it is indicated that the degree of ease with which the less effective fishing firms find ways to circumvent the profitability consequences of the management regime depends on the initial allocation of fishing rights Article in Journal/Newspaper Iceland AgEcon Search - Research in Agricultural & Applied Economics |
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AgEcon Search - Research in Agricultural & Applied Economics |
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ftagecon |
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English |
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Public Economics Resource /Energy Economics and Policy |
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Public Economics Resource /Energy Economics and Policy Matthiasson, Thorolfur CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET |
topic_facet |
Public Economics Resource /Energy Economics and Policy |
description |
This paper gives an account of the development of fishery regulation and management in Iceland, including the development of cod stocks, and the fishing fleet in Iceland since 1945. There was considerable experimentation with fishery management systems in Iceland beginning in 1975. Many economists and others predicted that the fishing fleet would be reduced as result of the new regimes, but this has not happened to the extent anticipated. Local governments have traditionally had a stake in the Icelandic fisheries. The motives of local municipalities might conflict with the motives pursued by the fishery managers. A theoretical model is developed to understand the consequences of local politicians' involvement in the quota market. Furthermore, it is indicated that the degree of ease with which the less effective fishing firms find ways to circumvent the profitability consequences of the management regime depends on the initial allocation of fishing rights |
format |
Article in Journal/Newspaper |
author |
Matthiasson, Thorolfur |
author_facet |
Matthiasson, Thorolfur |
author_sort |
Matthiasson, Thorolfur |
title |
CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET |
title_short |
CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET |
title_full |
CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET |
title_fullStr |
CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET |
title_full_unstemmed |
CONSEQUENCES OF LOCAL GOVERNMENT INVOLVEMENT IN THE ICELANDIC ITQ MARKET |
title_sort |
consequences of local government involvement in the icelandic itq market |
publisher |
AgEcon Search |
publishDate |
1997 |
url |
http://purl.umn.edu/28142 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
Marine Resource Economics>Volume 12, Number 2, 1997 14935 http://purl.umn.edu/28142 |
_version_ |
1766036114889506816 |