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Muse, Ben. 1998. "Regression Analysis of Alaska Halibut and Sablefish QS Prices, 1995-1997" CFEC Rpt. 98-8N


Individual Fisherman's Quotas (IFQ) were introduced in 1995 by the North Pacific Fisheries Management Council for the fixed gear halibut and sablefish fisheries off Alaska. Permanent quota share (QS) transferability was an important part of the programs; QS holders are free to permanently transfer all or part of their holdings, subject to certain restrictions. The right to transfer QS led to active QS markets and QS prices. This report uses ordinary least squares regression models to study the factors causing variation in halibut and sablefish QS prices across QS types.