Marine ecosystems are generally more extensive and complex than terrestrial ecosystems. Our understanding of the ecological relationships and biological processes within marine ecosystems is rudimentary but improving. In addition, our appreciation of the range of goods and services available from the marine environment and demand for competing economic uses of...
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...
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...
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...
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:
QUOTAS
The purpose of the quotasystem is to use market instruments rather than direct measures to
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...
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...
ITQ systems generate ITQ prices. For any given ITQ-managed species there are typically two prices. One is for the annual (or seasonal) quota, the other is for the longer lasting ITQ-share. In well-functioning ITQ markets, these prices reveal important information about the fishery. In the single species framework, prices of...