Although widely accepted, management systems that directly restrict catch or effort are neither efficient nor desirable for many fisheries, and have failed to conserve fishery stocks in many cases. Fisheries scientists have suggested that closing part of the fishery with marine reserves may sustain or increase harvest. These marine reserves...
When several new species are introduced into the New Zealand Quota Management System in the near future, some of the quota, or single-year annual catch entitlement (ACE), will be tendered through competitive auctions rather than allocated based on historical catch. This study uses a laboratory experiment calibrated to a representative...
In marine resource management, spatial policy instruments, including Marine Protected Areas, are becoming increasingly important. The economic motivation for spatially explicit policy is that renewable resources generate, in addition to the conventionally recognized incentives to over-harvest in the face of insecure property rights, spatial externalities that distort the spatial distribution...
Traditional fisheries management schemes provide fishermen with incentives to maximise their individual share of the catch, while individual vessel quota management schemes change incentives to maximise profits from their individual share of the catch. The way that one models the fishermen’s optimisation problem in empirical studies should reflect the changed...
Fishing impacts biodiversity on multiple levels, potentially resulting in unintended feedbacks to economic performance of the fishery over time. For example, targeting observable traits within a population can impact genetic diversity, targeting populations within a species can impact population diversity, and targeting valuable species can impact biodiversity at the ecosystem...
We focus on problems of access to marine sites for aquaculture in different countries, particularly in Maine, U.S.A. and Canada. The main question examined is how public natural goods (marine space) are allocated for aquaculture activities. Using ideas from law and economics, as well as institutional economics, we looked at...
Data scarcity and weak institutional governance make the implementation of top-down, quota-based fisheries management in much of the developing world’s fisheries difficult. An alternative to quota-based management is the use of space-based rights such as territorial use rights fisheries (TURFs). In spite of wide spread use of TURFs as a...
The Alaska recreational charter boat sector has undergone significant change in recent years due in part to several regulatory changes in the management of the Pacific halibut sport fishery, including a limited entry program, harvest controls specific to the charter sector, and a Catch Sharing Plan (CSP) implemented during 2014....
The notion of individual transferable quotas (ITQs) has permeated the fisheries economics literature over the last 40 years. The most long-standing prediction about ITQs has been extensively documented, namely that transferable property rights to harvest induce changes along the extensive margin via consolidation of quota among a smaller number of...
Multispecies fisheries add additional complexity for rights-based management implementation. Imperfectly selective fishing gear may make it difficult for fishermen to match their catch composition with the portfolio of total allowable catches chosen by management. If fishermen can perfectly target their catch, the problem of matching catches with quota allocations declines...