期刊名称：IoES Working Paper Series / Institute of Economic Studies, University of Iceland
出版年度：2007
卷号：2007
出版社：niversity of Iceland
摘要：This paper models and investigates the foreshortening of transferred quota which is
applied in the Norwegian fisheries management. This reduction in the transferred quota
amount by 20% is then redistributed amongst all vessels in the relevant vessel group. It is
shown that fishing units can be expected to be operated longer, and capital renewed at a
slower rate under foreshortening than if foreshortening is not used by the government.
Foreshortening will most likely also reduce the value of the quotas. However,
foreshortening may increase the value of the quotas if unit costs of fishing increase fast
compared to the discount rate used by quota holders.
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