Reimer, Matthew N.; Abbott, Joshua K.; Wilen, James E. - Department of Economics, College of Business and Public … - 2013
Individual transferable quotas (ITQs) induce changes along the both the extensive margin—via consolidation of quota among fewer vessels—and the intensive margin, as harvesters adjust their behavior to ITQ incentives. We use ITQ introduction in the Bering Sea crab fishery to decompose the...