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- W203420626 abstract "The Estonian trawl fishery has been operating under an individual transferable quota (ITQ) system since 2001 when auctioning a part of the quota was also first implemented. This study analyzes the effect of quota auctions on the structure of the fleet and the performance of the system in managing excessive fishing capacity. The capacity of the Estonian trawling fleet is estimated for 2001 using Data Envelopment Analysis (DEA), and a 25% overcapacity was obtained. Higher capacity utilization compared to the rest of the fleet was observed for two types of large vessels that are economically more effective than smaller vessels and had historically obtained larger quota shares. The quota share of these types of vessels increased further as a result of the auction, and most of the auctioned quota was used by vessels with relatively high capacity utilization. An auction system in parallel with ITQs can be considered an effective method for increasing the allocation of fishing rights to the most effective enterprises and speeding the process of reducing excessive fleet capacity." @default.
- W203420626 created "2016-06-24" @default.
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- W203420626 date "2005-01-01" @default.
- W203420626 modified "2023-10-16" @default.
- W203420626 title "The Quota Auctions in Estonia and their Effect on the Trawler Fleet" @default.
- W203420626 doi "https://doi.org/10.1086/mre.20.1.42629461" @default.
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