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  • Observing Recovery: The Role of Implicit Discount Rates in ITQ Fisheries

    Creator:
    Batstone, Chris and Sharp, Basil
    Abstract:
    This paper discusses the potential application of implicit discount rates (IDR) derived from Individual Transferable Quota (ITQ) trading data as indicators of fishery bio-economic health. The theoretical background is discussed, and in the context of one New Zealand ITQ fishery we analyze the behavior of IDR over ten years of...
    Resource Type:
    Research Paper
    Full Text:
    recovery process. Keywords: ITQ, implicit discount rates, indicator, complex systems INTRODUCTION