Catch limits, capacity utilization and cost reduction in Japanese fishery management

Michiyuki Yagi, Shunsuke Managi

Research output: Contribution to journalArticle

8 Citations (Scopus)

Abstract

Japan's fishery harvest peaked in the late 1980s. To limit the race for fish, each fisherman could be provided with specific catch limits in the form of individual transferable quotas (ITQs). The market for ITQs would also help remove the most inefficient fishers. In this article we estimate the potential cost reduction associated with catch limits, and find that about 300 billion yen or about 3 billion dollars could be saved through the allocation and trading of individual-specific catch shares.

Original languageEnglish
Pages (from-to)577-592
Number of pages16
JournalAgricultural Economics
Volume42
Issue number5
DOIs
Publication statusPublished - 2011 Sep
Externally publishedYes

Keywords

  • Capacity output
  • Capacity utilization
  • Individual quotas
  • Japan
  • L70
  • Production frontier
  • Q18
  • Q22

ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Economics and Econometrics

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