As the British Columbia salmon fishery developed, the Canadian government, with constitutional responsibility for the resource, faced a number of critical turning points in management policy. In early years, partly for expediency, the allocation of fishing privileges often resulted in efficient levels of effort but little attempt was made to...
In discussing property rights, efficiency and fisheries management economic literature often refers to a fishery with a hypothetical single owner, comparing it to fisheries with more fragmented ownership. Through a range of effort reductions, since the near collapse of the fishery in the early 1980s, the Exmouth Gulf Prawn fishery...
Overcapacity is probably the most fundamental challenge to fisheries management as it can lead to both overfishing and to low profitability. Most of the Norwegian fisheries have limited entry, through the use of annual permits (coastal fleet) and licences (ocean going fleet) in combination with individual vessel quotas (IVQ). Limited...
Amendment 1 to the Golden Tilefish Fishery Management Plan (FMP),
which implemented the most recent catch share program in the Northeast
United States, became effective on November 1, 2009. It replaced a
program that allocated a fixed percentage of annual quota to three groups
of vessel owners with a program...
With a national policy on catch shares in progress in the United States and
increasing use of transferable fishing rights in fisheries worldwide, it is
important to understand how the markets created by these programs
function in the real world. This paper presents information collected from
interviews with Florida spiny...
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 they are not a
panacea and distribution and equity issues have been raised in many cases. To overcome those issues,
ITQ systems...
The Australian coral reef fin-fish fishery (CRFFF) on the Great Barrier Reef has been managed under ITQs since 2004. A large number of different reef species (>155) are covered by the management plan, but the primary species in terms of value and volume landed are coral trout and red throat...
ITQ introduction has had several effects on fisheries in terms of, for
example, changes in the composition of the fishing fleet and fishing
efficiency gains. After ITQ introduction in the Tasmanian rock lobster
industry in 1998, an increasing number of fishers have become dependent
on quota leasing to catch fish...
In July 2011 the European Commission acknowledged that "Our current system is not working in favour of sustainability. Too many fleet segments live on low profits, depend on subsidies for survival. 'Business as usual' is not an option".
Indeed, the reform of the policy "must not be yet another piecemeal,...