Quota market efficiency : the New Zealand Annual Catch Entitlement (ACE) market

Stewart, James

Thumbnail
Share
View fulltext online
Date
2014-07
Citation:
Stewart, J. (2014, July). Quota market efficiency: The New Zealand Annual Catch Entitlement (ACE) market. Paper presented at International Institute of Fisheries Economics & Trade (IIFET) Conference, Brisbane, Australia.
Permanent link to Research Bank record:
https://hdl.handle.net/10652/3881
Abstract
Characteristics of efficient markets: Information on price is easy to obtain • Information on characteristics of the good is readily available • Price establishes market equilibrium • Transaction costs are low • No barriers to entry and exit • Identical goods
Keywords:
Annual catch entitlement (ACT), efficient markets, information channels, transaction costs, deemed value
ANZSRC Field of Research:
150106 Sustainability Accounting and Reporting
Copyright Holder:
Author
Rights:
This digital work is protected by copyright. It may be consulted by you, provided you comply with the provisions of the Act and the following conditions of use: Any use you make of these documents or images must be for research or private study purposes only, and you may not make them available to any other person. You will recognise the author's and publishers rights and give due acknowledgement where appropriate.
Metadata
Show detailed record
This item appears in