Anchovy fisheries in Indonesia faces a declining state in the next decade. This research investigates some factors contributing to a reduction of anchovy resources. It was carried out in Krueng Raya Bay-Aceh from September to October 2012. Survey and interviews were implemented to explore the state of anchovy. Primary and...
Anchovy fisheries in Indonesia faces a declining state in the next decade. This research investigates some factors contributing to a reduction of anchovy resources. It was carried out in Krueng Raya Bay-Aceh from September to October 2012. Survey and interviews were implemented to explore the state of anchovy. Primary and...
Anchovy fisheries in Indonesia faces a declining state in the next decade. This research investigates some factors contributing to a reduction of anchovy resources. It was carried out in Krueng Raya Bay-Aceh from September to October 2012. Survey and interviews were implemented to explore the state of anchovy. Primary and...
Four commercial fisheries off Alaska’s coast are managed by transferable quota systems. Implementation
of each quota program was controversial, and two programs were mandated by federal legislation rather
than standard rulemaking procedure. Pacific halibut and sablefish are managed by individual harvest
quota programs, which were designed to maintain a predominantly...
Fisheries economists and fishery scientists have forcefully argued that access to fisheries has to be restricted so as to increase stock size, harvest and/or profitability compared to what would be the results of free access. Fisheries economists have pointed out that management by Individual Transferable Quotas (ITQs for short) fare...
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...
The open access nature of fisheries resources had caused application of excessive fishing effort to most World fisheries. Proper
management of fisheries resources is vital for sustainability and its safe future utilisation. Most attempts to salvage fisheries resources
had so far succeeded but have also created one or more problems....
In multispecies fisheries managed with individual fishery quotas (IFQs), fishers targeting certain species often have
insufficient quota to cover other jointly caught species. New Zealand employs a unique dual price-quantity system to
address this problem. In lieu of acquiring quota, fishers can opt to pay a fee per unit of...
Resource rentals can be viewed as taxes on scarcity rents or as fees for access to use or utilize the
resource. The Icelandic Fishery Management Act requires that vessel owners pay a Catch fee
(Veiðigjald). This paper discusses how the Catch fee is defined by the Fishery Management Act.
Secondly...
The West Coast Rock Lobster fishery is Australia's most valuable commercial fishery. Around 550 vessels
harvest 10,500 tonnes of lobster per annum. The industry has an enviable track record of biological
management which has been based on a variety of input controls. In recent years this has necessitated three
significant...
This paper explores the reasons why the ties between harvesting and processing have been severed in the
Icelandic fisheries in recent decades, and traces the role played by better transport, the emergence of
domestic wet-fish markets, and the introduction of freezing trawlers, as well as other factors in this
development....
This paper models and investigates the foreshortening of transferred quota which is applied in the Norwegian fisheries management. This reduction in the transferred quota amount by 20% is then redistributed amongst all vessels in the relevant vessel group. It is shown that fishing units can be expected to be operated...
The Icelandic ITQ system has been under development since the early 1980s. Rights were initially grandfathered. Rights have been priced and traded and put up as collateral against loans. Quota values have thus affected the balance sheet of Icelandic fishing firms in a fundamental way. The aim of this paper...
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The Icelandic ITQ system has been under development since the early 1980s. Rights were initially grandfathered. Rights have been priced and traded and put up as collateral against loans. Quota values have thus affected the balance sheet of Icelandic fishing firms in a fundamental way. The aim of this paper...
Full Text:
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ABSTRACT
The Icelandic ITQ system has been under development since the early 1980s. Rights
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...
The objective of this paper is to illustrate that economic institutions matter, i.e., that different rules of trade present different incentives for bidding, asking and trading in new markets, and that these different incentives lead to different price discovery patterns which yield materially different outcomes. In a laboratory tradable fishing...
New Zealand’s quota management system, the QMS, has for years been considered as one of the most successful rights-based fisheries management system in the world. Although the hard evidence is at best patchy, New Zealand’s fishing industry is performing well ahead of most competitors, both in economic, biological and administrative...
Until recently the execution of the fisheries management schemes in the Netherlands was to a large extend centralized. In 1993, however, part of the executionary responsibilities was delegated to the fishing industry. In this new system, responsibilities in the management of individual transferable quota (ITQs) has been devolved to groups...
Fisheries economists have studied fisheries managed with ITQs and compared them to fisheries that are differently managed. Most of these studies have found ITQs to be economically superior. This paper studies the ITQ-fisheries in Iceland. It focuses on features that are difficult to explain using traditional fisheries economics. It is...