Efficiency Costs of Social Objectives in Tradable Permit Programs


Oct. 31, 2013


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Kailin Kroetz, University of California, Davis


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.


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.


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