Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2019.01.035 |
Structure and evolution of cod quota market networks in Iceland over times of financial volatility | |
Oostdijk, Maartje1; Santos, Maria J.2,3,4; Agnarsson, Sveinn5; Woods, Pamela J.6 | |
2019-05-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2019 |
卷号 | 159页码:279-290 |
文章类型 | Article |
语种 | 英语 |
国家 | Iceland; Netherlands; Switzerland |
英文摘要 | The quota market is the instrument through which fishing operations under an individual transferable quota (ITQ) system achieve greater efficiency. It allows fishing companies to optimally configure their quota portfolios to their catches. Globally, fisheries corresponding to similar to 25% of landings have adopted ITQ systems. However, there is surprisingly little empirical information on quota markets functioning. Here we study the development of quota share and lease markets and assess market activity and functioning for the cod fishery in Iceland. We use a social network analysis to assess changes in four Icelandic quota markets, distinguished by boat size (large versus small) and permanence of transfers (leases versus shares). The quota market for permanent trades in small-boat quota shows a sharp increase in trade and network connectivity between 2004 and 2006, resulting in a high rate of quota concentration. The quota markets for permanent quota shares were the most fragmented and sparse during the years of the financial crash in Iceland and never regain the same activity. Our results suggest that quota systems evolve towards a consolidated state and that their markets are not entirely resilient to financial instability. We also found some evidence that better-connected traders could sell quota at higher prices in the lease markets, though price dispersion was generally low. |
英文关键词 | Quota markets Market-based-instruments Cod fishery Iceland Social network analysis Exponential random graph |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000462105700026 |
WOS关键词 | PROPERTY-RIGHTS ; CATCH SHARES ; FISHERIES ; MANAGEMENT ; CONSOLIDATION ; PRIVATIZATION ; SYSTEM ; IMPACT ; TRADE |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/182683 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Iceland, Dept Life & Environm Sci, Sturlugotu 7, IS-101 Reykjavik, Iceland; 2.Univ Utrecht, Dept Innovat Environm & Energy Sci, Copernicus Inst Sustainable Dev, Heidelberglaan 2, NL-3584 CS Utrecht, Netherlands; 3.Univ Zurich, Univ Res Prior Program Global Change & Biodivers, Winterthurerstr 190, CH-8057 Zurich, Switzerland; 4.Univ Zurich, Dept Geog, Winterthurerstr 190, CH-8057 Zurich, Switzerland; 5.Univ Iceland, Sch Business, IS-101 Reykjavik, Iceland; 6.Marine & Freshwater Res Inst, Skulagata 4, IS-121 Reykjavik, Iceland |
推荐引用方式 GB/T 7714 | Oostdijk, Maartje,Santos, Maria J.,Agnarsson, Sveinn,et al. Structure and evolution of cod quota market networks in Iceland over times of financial volatility[J]. ECOLOGICAL ECONOMICS,2019,159:279-290. |
APA | Oostdijk, Maartje,Santos, Maria J.,Agnarsson, Sveinn,&Woods, Pamela J..(2019).Structure and evolution of cod quota market networks in Iceland over times of financial volatility.ECOLOGICAL ECONOMICS,159,279-290. |
MLA | Oostdijk, Maartje,et al."Structure and evolution of cod quota market networks in Iceland over times of financial volatility".ECOLOGICAL ECONOMICS 159(2019):279-290. |
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