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Informe Técnico de Consultoría ASPECTOS CONCEPTUALES Y ...

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AUTOR (ES):Hatcher, AaronTITULONon-compliance and the quota price in an ITQ fisheryAÑO 2005REFERENCIABIBLIOGRAFICAJournal of Environmental Economics and Management 49(2005) 427–436IDIOMAInglésPALABRAS CLAVES Fisheries management; Quotas; ITQs; Enforcement; Noncompliance;Pollution permitsRESUMENDIRECCIÓN DE ACCESOELECTRÓNICOThis paper examines the effects of non-compliance on quota<strong>de</strong>mands and the equilibrium quota price in an ITQ fishery. Ishow that whereas lower quota prices are impliedunambiguously by expected penalties which are a function ofthe absolute violation size, the expectation of penalties basedupon relative violations of quota <strong>de</strong>mands can, un<strong>de</strong>r certainconditions, produce higher quota prices than in a compliantquota market. If there are both compliant and non-compliantfirms in the fishery, the result would then be a shift in quota<strong>de</strong>mand from compliant to non-compliant firms, rather thanthe reverse. The findings are generally applicable to quotamarkets in other industries, including pollution permitmarkets.http://www.elsevier.com/locate/jeemA-37

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