Gains from quota trade: theoretical models and an application to the Danish fishery
构建了一个评估可交易配额引入效果的框架，利用丹麦渔业数据，发现配额重新分配与学习最佳实践同样重要。
We provide a framework for evaluating potential effects of introducing<sup> </sup>tradable quotas to a sector. The effects depend on the economies<sup> </sup>of scale and scope of the production technology, and on firms'<sup> </sup>ability and willingness to learn best practice methods (<em>catching<sup> </sup>up</em>) and to change their input and output composition (<em>mix</em>).<sup> </sup>To illustrate our approach, data from the Danish fishery are<sup> </sup>used to calculate the potential gains from introducing individually<sup> </sup>transferable fishing quotas. Data envelopment analysis is used<sup> </sup>to model the production technology. We find that pure reallocation<sup> </sup>is as important as pure learning, i.e. quota reallocation without<sup> </sup>catching-up is as valuable as learning best practice with fixed<sup> </sup>allocations.<sup> </sup>