Barría, Patricio; Echeñique, Andrés Goméz-Lobo; … - Departamento de Economía, Facultad de Economía y Negocios - 2007
In 2001 an individual (operationally transferable) quota system was introduced for all the most important industrial fisheries in Chile. This system was put in place after years of declining stocks and over investment. In this paper we describe this reform and estimate related allocative...