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Resources Management through Individual Transferable Quota System and its Influence on the Trading Volume: A Case Study of New Zealand

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  • Resource management under Individual Transferable Quota System (ITQ’s) is similar to that of Total Allowable Catch system. It, however, is said that the former is more difficult than the latter. In this paper, by analysing the case of the New Zealand’s ITQ’s during Fiscal Year 1991 and 2001, the current situation of resources management through ITQ’s and its influence on the trading quota are examined. The main results are as follows. First actual fishery situation become sharply cleared by concerning about characteristic of the area for fishing from 'the rate of fishing' is the ratio which catches occupied per quantity of quota. Second, it is cleared that there is group which has been continuously making the Over-Fishing and the number of these groups are increasing year after year. The cause of continuous the Over-Fishing is fisherman tend to catch not only quantity of quota but also catches that they can pay a penalty. Third, it is possible to catch before securing enough quota in New Zealand's ITQs system. Because of this precedent of fishing, Quota Leased have been utlilized as an adjustment for the excess of catches.
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  • Ohnishi, Manabu. 2004. Resources Management through Individual Transferable Quota System and its Influence on the Trading Volume: A Case Study of New Zealand. In: Proceedings of the Twelfth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 20-30, 2004, Tokyo, Japan: What are Responsible Fisheries? Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2004. CD ROM. ISBN 0-9763432-0-7
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