Implicit and Explict Prices of Quotas in The Icelandic Fisheries
The paper documents the discrepancy between prices of permanent quotas traded directly between fishing firms and implicit price of quotas as reflected in the price of fishing firms that are publicly traded. An overview of earlier attempts to explain the discrepancy is given. It is suggested that pri...
| Main Authors: | , |
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| Format: | Report |
| Language: | English unknown |
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International Institute of Fisheries Economics and Trade
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| Subjects: | |
| Online Access: | https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/4f16c4205 |
| Summary: | The paper documents the discrepancy between prices of permanent quotas traded directly between fishing firms and implicit price of quotas as reflected in the price of fishing firms that are publicly traded. An overview of earlier attempts to explain the discrepancy is given. It is suggested that priceformation in market for permanents quotas and in the stock market is based on different principles. Finally it is observed that fishing firms that have been publicly traded are now being bought up and made private again. It is concluded that this is in line with the basic thesis of the paper and that ultimately no fishing firms will be publicly traded. Keywords: Fisheries Economics, Fisheries Management for Industrial Fisheries, quotas, Iceland |
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