Using numerical simulations of the mixed common sardine and anchovy fishery of central-southern Chile, we study the effects of the distribution of administrative costs between the government and the fishing industry in an individual transferable quota system. Consistent with recent theoretical results, we find that the level and distribution of the administrative costs between the public and private sector affects the period-by-period equilibrium quota price and number of active vessels.

Using numerical simulations of the mixed common sardine and anchovy fishery of central-southern Chile, we study the effects of the distribution of administrative costs between the government and the fishing industry in an individual transferable quota system. Consistent with recent theoretical results, we find that the level and distribution of the administrative costs between the public and private sector affects the period-by-period equilibrium quota price and number of active vessels.