Template-Type: ReDIF-Paper 1.0 Author-Name: Matthew N. Reimer Author-Name-First: Matthew Author-Name-Last: Reimer Author-Email: mnreimer@uaa.alaska.edu Author-Workplace-Name: Institute of Social and Economic Research, Department of Economics, University of Alaska Anchorage Author-Name: Joshua K. Abbott Author-Name-First: Joshua Author-Name-Last: Abbott Author-Email: joshua.k.abbott@asu.edu Author-Workplace-Name: School of Sustainability, Arizona State University Author-Name: James E. Wilen Author-Name-First: James Author-Name-Last: Wilen Author-Email: wilen@primal.ucdavis.edu Author-Workplace-Name: Department of Agricultural and Resource Economics, University of California, Davis Title: Unraveling the Multiple Margins of Rent Generation from Individual Transferable Quotas Abstract: Individual transferable quotas (ITQs) induce changes along the both the extensive margin—via consolidation of quota among fewer vessels—and the intensive margin, as harvesters adjust their behavior to ITQ incentives. We use ITQ introduction in the Bering Sea crab fishery to decompose the sources of rent generation across both margins. We embed an empirically calibrated structural model of the harvesting process into a sector-level model, allowing us to experimentally "unravel" the ITQ treatment. We show that the magnitude and source of rent generation under ITQs critically depends on the manner and degree of rent dissipation before ITQs are implemented. Creation-date: 2013-10 File-URL: http://www.econpapers.uaa.alaska.edu/RePEC/ala/wpaper/ALA201303.pdf File-Format: Application/pdf Classification-JEL: Q22, Q28, D21 Keywords: fisheries, ITQ, production function, intensive margin, Alaska, crab Publication-Status: forthcoming Land Economics Number: 2013-03 Handle: RePEc:ala:wpaper:2013-03