Quota allocation mechanisms have distributional effects with important issues concerning the economic organization of the fishery and acceptability. Yet, these distributional effects are rarely studied. In France, where fishing rights are not transferable, the quotas are shared between producer cooperatives based on the historical landings of their members. Each cooperative...
As a Member State of the European Community (EC), the United Kingdom's marine capture fisheries must be managed within the framework of the Community's common fisheries policy (see Box 1). Since 1983 this has included a system of annual total allowable catches (TACs) for most commercially important stocks within the...
According to the UN's Food and agicultural organisation (FAO, managing fishing capacity is a core elemnt to aceive sustainable fisheries. Here, FAO highlight the long term need to avoid unprofitable overcapacity; an adaptation which increase the pressure on fish resources, fisheres are marginalized economically, allocation conflicts among fishermen and high...
The Australian coral reef fin-fish fishery (CRFFF) on the Great Barrier Reef has been managed under ITQs since 2004. A large number of different reef species (>155) are covered by the management plan, but the primary species in terms of value and volume landed are coral trout and red throat...
The Icelandic ITQ system has been under development since the early 1980s. Rights were initially grandfathered. Rights have been priced and traded and put up as collateral against loans. Quota values have thus affected the balance sheet of Icelandic fishing firms in a fundamental way. The aim of this paper...
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The Icelandic ITQ system has been under development since the early 1980s. Rights were initially grandfathered. Rights have been priced and traded and put up as collateral against loans. Quota values have thus affected the balance sheet of Icelandic fishing firms in a fundamental way. The aim of this paper...
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QUOTAS
The purpose of the quotasystem is to use market instruments rather than direct measures to
Norway has been characterized as a “hesitant reformer” regarding fisheries management. Instead of introducing a fully fledged ITQ-system after the crisis in the coastal fisheries in 1990, a new Individual Vessel Quota (IVQ) system was introduced. Later a structural policy was introduced, whereby fishing rights (and adjoining quotas) may be...
Marine ecosystems are generally more extensive and complex than terrestrial ecosystems. Our understanding of the ecological relationships and biological processes within marine ecosystems is rudimentary but improving. In addition, our appreciation of the range of goods and services available from the marine environment and demand for competing economic uses of...