The spatial, multi-species nature of coral reef fisheries makes them notoriously difficult to manage. We
have developed a simulation modeling approach to examine the effect of management options on the
recreationally important tourist destination of Ningaloo Reef in Western Australia where a recreational
fishery targets Spangled Emperor (Lethrinus nebulosus). The...
Individual transferable quotas (ITQs) have been used in several countries worldwide to regulate access to
marine fisheries. While ITQs can improve the economic efficiency of fisheries, in practice they are not a
panacea and distribution and equity issues have been raised in many cases. To overcome those issues,
ITQ systems...
This paper deals with the sustainable management of a renewable resource
based on individual and transferable quotas (ITQs) when agents differ in terms of
harvesting costs or catchability. In a dynamic bio-economic model, we determine
the conditions under which the manager of an ITQ system can achieve sustainability
objectives which...
A concern for the consequences of bycatch and discards in fisheries has led to the implementation of
new policies and fisheries management plans aimed at their reduction in many fisheries around the
world. Such plans have been developed for the Australian Commonwealth fisheries (the most recent
bycatch action plan extends...
Considerable attention has been applied to the development of models explaining how fish stocks change over space
and time, from relatively simple stock-recruitment relationships to ecosystem models with a complex food web
structure. However, in many case studies fishing effort is assumed to be exogenous and even in dynamic models...
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...