A serious impediment blocks advancement of individual transferable quota (ITQ) policy in the United States, particularly in North Pacific fisheries being considered for ITQ management. The traditional ITQ design, that allocates rights to only the harvesting sector, unintentionally expropriates wealth/property interests from the co-dependent-processing sector. This regulatory expropriation is a...
Norway has for years managed its coastal fisheries through a regime that for all practical purposes has acted as open access, that is, open for bona fide fishers. The trawling sector was closed already in the 1930s, and the large offshore fleet was regulated through limited entry licensing from the...
Economists have generated numerous studies analyzing how a move to rights-based fishery management from open-access management affects fish harvesters' behavior. Conversely, the impacts that such a change in management can have on fish processors has received relatively little attention. This paper presents a simple two-product processor supply model to show...
The purpose of this paper is to set out WWF's position on the appropriate use of rights-based measures (RBM) as management tools as WWF pursues its far-reaching vision for sustainable fisheries and healthy marine ecosystems. The Paper draws on theories and practice that have informed the use of RBM within...
Despite potential advantages of rights-based management over competitive fisheries, there has been significant political resistance to rights-based management from many fishermen, which has slowed the
adoption of rights-based management. This paper explores the concept of voluntary transitions to rights-based
management, under which fishermen may choose between an allocated fishery (with...