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...
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 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...
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...
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...
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...
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 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...
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...