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...
Management changes in the coral reef fin fish fishery of the Great Barrier
Reef provide a natural experiment of the efficacy of combining no-take
areas and dedicated catch shares. A spatially-explicit bio-economic model
of the fishery is used to analyze the tradeoffs between biomass and the net
returns from fishing...