Efficiency Costs of Social Objectives in Tradable Permit Programs RFF Academic Seminar
Presenter Kailin Kroetz, University of California, Davis
Abstract Objectives of tradable permit programs are often broader than internalizing an externality and improving economic efficiency. A common response to accommodate community, cultural, and other noneconomic goals is to restrict trading. However, these restrictions can increase the costs of the policy. In this paper, we use a unique dataset from the Alaskan halibut and sablefish tradable permit program to develop one of the few empirical measurements of the costs of meeting these non-economic goals. We estimate a 32% reduction in the value of the halibut fishery is attributable to restrictions, and a 22% reduction in the sablefish fishery.
Date Thursday, October 31, 2013 12:00 - 1:30 p.m.
A light lunch will be provided.
Location 7th Floor Conference Room 1616 P St. NW Washington, DC 20036
All seminars will be in the 7th Floor Conference Room at RFF, 1616 P Street NW unless otherwise noted. Attendance is open, but involves pre-registration no later than two days prior to the event. For questions and to register to an event, please contact Karen Furman at [email protected]. Updates to our academic seminars schedule will be posted at www.rff.org/academicseminarseries.