ITQ, 불확실성, 퇴출비용, 실물옵션
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 박호정 | - |
dc.contributor.author | 장희선 | - |
dc.date.accessioned | 2021-09-08T22:18:28Z | - |
dc.date.available | 2021-09-08T22:18:28Z | - |
dc.date.created | 2021-06-17 | - |
dc.date.issued | 2009 | - |
dc.identifier.issn | 1229-9146 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/121200 | - |
dc.description.abstract | The primary purpose of ITQ(individually transferable quota) is to reduce the overcapitalization problem in the open-access fishery. It has been argued that the least cost-efficient vessels under ITQ may exit first from the fishing by selling their quotas, thereby also reducing the excess capital. The purpose of this paper is to provide a case when ITQ may prompt the exit of less cost-inefficient vessels in the presence of irreversible exit cost which is proportional to the cost-inefficiency. Real option model is adopted in order to analyze the source of hysteresis associated with fishery exit decision. By linking the interaction between vessels’ adjustment costs, cost-efficiency of harvest and uncertainty of fishery return, we show that cost-inefficient vessels will not exit always first from the fishery in contrast to the conventional wisdom. Relevant policy implications is discussed. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | 한국환경경제학회 | - |
dc.title | ITQ, 불확실성, 퇴출비용, 실물옵션 | - |
dc.title.alternative | Fishery Exit Model under Individual Transferable Quota System: An Inquiry into the Economic Efficiency Achievement in Fishery | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | 박호정 | - |
dc.identifier.bibliographicCitation | 자원환경경제연구, v.18, no.1, pp.1 - 22 | - |
dc.relation.isPartOf | 자원환경경제연구 | - |
dc.citation.title | 자원환경경제연구 | - |
dc.citation.volume | 18 | - |
dc.citation.number | 1 | - |
dc.citation.startPage | 1 | - |
dc.citation.endPage | 22 | - |
dc.type.rims | ART | - |
dc.identifier.kciid | ART001319869 | - |
dc.description.journalClass | 2 | - |
dc.description.journalRegisteredClass | kci | - |
dc.subject.keywordAuthor | ITQ | - |
dc.subject.keywordAuthor | uncertainty | - |
dc.subject.keywordAuthor | exit cost | - |
dc.subject.keywordAuthor | real option | - |
dc.subject.keywordAuthor | 불확실성 | - |
dc.subject.keywordAuthor | 퇴출비용 | - |
dc.subject.keywordAuthor | 실물옵션 | - |
dc.subject.keywordAuthor | ITQ | - |
dc.subject.keywordAuthor | uncertainty | - |
dc.subject.keywordAuthor | exit cost | - |
dc.subject.keywordAuthor | real option | - |
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