As a Member State of the European Community (EC), the United Kingdom's marine capture fisheries must be managed within the framework of the Community's common fisheries policy (see Box 1). Since 1983 this has included a system of annual total allowable catches (TACs) for most commercially important stocks within the...
An ITQ scheme has been shown to create a quota induced incentive for discarding of fish in excess of what is socially optimal. This finding is corroborated by empirical evidence in several ITQ managed fisheries. The incentive for discarding, over and above those expected in an unmanaged or input controlled...
Quota allocation mechanisms have distributional effects with important issues concerning the economic organization of the fishery and acceptability. Yet, these distributional effects are rarely studied. In France, where fishing rights are not transferable, the quotas are shared between producer cooperatives based on the historical landings of their members. Each cooperative...
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...
In this paper, a dynamic model of fishermen’s compliance is developed and used to analyse
several issues. There are two parties involved in the fishery; the regulator and the fishermen.
Regulator takes on a long term view and sets quota at the beginning of every period in order
to maximise...
Fishermen of Akita prefecture of Japan did the prohibition of sandfish fishery for three years independently. After cancel of a ban the coastal fishermen and the offshore fishermen carried out amount management of sandfish cooperated since 1995. This is first example of cooperative amount management, by coastal fishermen and offshore...
Resource management under Individual Transferable Quota System (ITQ’s) is similar to that of Total Allowable Catch system. It, however, is said that the former is more difficult than the latter. In this paper, by analysing the case of the New Zealand’s ITQ’s during Fiscal Year 1991 and 2001, the current...
During the first three years (2007-2009) of the Gulf of Mexico red snapper IFQ program most quota lease trades were local, involving fishers that lived in the same communities. In 2010, the red snapper quota lease market changed as more IFQ participants began trading quota with fishers from different regions...