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dc.contributor.authorStewart, James
dc.contributor.authorLeaver, Jonathan
dc.date.accessioned2015-06-02T23:14:40Z
dc.date.available2015-06-02T23:14:40Z
dc.date.issued2015-05
dc.identifier.issn0308-597X
dc.identifier.issn1872-9460
dc.identifier.urihttps://hdl.handle.net/10652/2840
dc.description.abstractBalancing catch with annual catch entitlement (ACE) is crucial both for the financial viability of fishers and for the efficient operation of the New Zealand quota management system (QMS). This study examines the information channels that are used by fishers to search for ACE availability, and notes how these channels differ between large and small fishers. Special attention is given to the viability of small independent fishers whose participation in the fishery is dependent on their acquiring ACE in the open ACE market. An ACE market survey along with extensive consultation captured the views of fishers, fish processors, and quota brokers. These sources provide valuable insights into the day-to-day operation of the ACE market. They suggest that while elements of market power are evident in the ACE market there are also characteristics of an efficient market.en_NZ
dc.language.isoenen_NZ
dc.publisherPergamon Pressen_NZ
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S0308597X15000160en_NZ
dc.rightshttp://www.sherpa.ac.uk/romeo/issn/0308-597X/en_NZ
dc.subjectannual catch entitlement (ACE)en_NZ
dc.subjectefficient marketsen_NZ
dc.subjectinformation channelsen_NZ
dc.subjecttransaction costen_NZ
dc.subjectdeemed valueen_NZ
dc.titleEfficiency of the New Zealand annual catch entitlement marketen_NZ
dc.typeJournal Articleen_NZ
dc.rights.holderPergamon Pressen_NZ
dc.identifier.doihttp://dx.doi.org/10.1016/j.marpol.2015.01.005en_NZ
dc.subject.marsden150106 Sustainability Accounting and Reportingen_NZ
dc.identifier.bibliographicCitationStewart, J., & Leaver, J. (2015). Efficiency of the New Zealand annual catch entitlement market. Marine Policy, 55, 11-22. NOTE: Available from link below.en_NZ
unitec.institutionUnitec Institute of Technologyen_NZ
unitec.publication.spage11en_NZ
unitec.publication.lpage22en_NZ
unitec.publication.volume55en_NZ
unitec.publication.titleMarine Policyen_NZ
unitec.peerreviewedyesen_NZ
dc.contributor.affiliationUnitec Institute of Technologyen_NZ
unitec.identifier.roms57661en_NZ
unitec.identifier.roms57417
unitec.institution.studyareaAccounting and Finance


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