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...
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...
Sablefish (Anoplopoma fimbria) are distributed from Japan to Baja California. Alaska is the world’s principal supplier of sablefish with the majority of commercial landings occurring in the Gulf of Alaska and the Aleutian Islands. This demersal, long-lived fish is in one of Alaska’s highest value commercial fisheries. In terms of...
Fisheries worldwide continue to suffer from the negative consequences of open access. In 1986, New Zealand responded by establishing an individual transferable quota (ITQ) system that by 1998 included 33 species and more than 150 markets for fishing quotas. We assess these markets in terms of trends in market activity,...
Norway has been characterized as a “hesitant reformer” regarding fisheries management. Instead of introducing a fully fledged ITQ-system after the crisis in the coastal fisheries in 1990, a new Individual Vessel Quota (IVQ) system was introduced. Later a structural policy was introduced, whereby fishing rights (and adjoining quotas) may be...
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...
Many of the tangible benefits of catch share programs (e.g., reducing overcapacity) are dependent on the trading of shares. Additional trading-related questions (such as whether landings will change port or be concentrated geographically) are also important to the overall evaluation of a fishery, but are often asked only during post-implementation...
According to the UN's Food and agicultural organisation (FAO, managing fishing capacity is a core elemnt to aceive sustainable fisheries. Here, FAO highlight the long term need to avoid unprofitable overcapacity; an adaptation which increase the pressure on fish resources, fisheres are marginalized economically, allocation conflicts among fishermen and high...