Reconsidering the Initial Allocation of ITQs: The Search for a Pareto-Safe Allocation between Fishing and Processing Sectors

摘要: Advancement of rights-based fishing is stymied by industry and congressional concern over distributional issues arising out traditional ITQ design. This paper examines the existence policy feasibility two alternative initial allocations intended to leave principal participants, fishers processors, no worse off, while maximizing efficiency. Market structure shown be a critical consideration, not only avoid unintended wealth redistribution, but also achieve