In multi-species fisheries managed under ITQs, the existence of joint production may lead to complex catch-quota balancing issues. Previous modelling and experimental research suggest that, in such fisheries, some fishers may benefit from the ability to trade packages of fishing quotas, rather than fulfill their quota needs by simultaneously bidding...
Individual fishing quota (IFQ) systems are typically expected to increase the profitability of a fishery and improve sustainability by ensuring catches remain within quotas. They can also have important distributional and ecological implications that result from shifts in catch and effort between different gears, regions, and habitats. In multispecies fisheries...
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 their application rarely has the expected effects. In this study we compare the output predicted by an individual based model of quota...
The established of exclusive rights to fish is essential for tuna-Regional Fisheries Management Organizations to prevent overfishing, achieve sustainability, and to realize maximum economic benefits. Exclusive use or property rights may be based on catch, effort, or licenses, and similar systems can be used for bycatch. Unique issues arise compared...
During the IIFET 2000 meeting, one session was set aside to discuss issues raised in an article by Richard H. Thaler entitled "From
Homo Economicus to Homo Sapiens," in a recent (2000) issue of The Journal of Economic Perspectives 14(1): 133-141. The session
began with the following summary of some...
Thaler’s short paper is written to forecast the future of economics. The author states at the top that he will be subject to certain biases and also suggests good reasons why he will be subject to them. But, it turns out that the forecasts themselves are not supported by objective...
There is increasing awareness of and concern about the actual and potential adverse effects of fishing on the aquatic environment. New Zealand, like many other countries, has developed a range of initiatives to address specific issues related to the effects of fishing, including establishing marine reserves, fishing method restrictions, observer...
This paper explores the issue of using marine reserves in combination with quotas as fisheries management tools. The underlying biological dynamics are described by a patchy environment model, in which a metapopulation is built up by linked sub-populations that are distributed across a set of spatially discrete habitats or patches....
Seven economic instruments including property right regime, tradable permit, bond and deposit refund, liability, fiscal instrument, financial instrument, and charge system were considered for rehabilitations of coastal resources including mangrove, coastal water, coral, sea grass and seaweed, tourism, and fishery resources. Criteria on selective economic instruments were previous practice, management...