It is now widely recognized that property rights based fisheries management regimes are well
suited for generating efficiency in fisheries. Apart from access licences, which are very low
quality property rights, individual quotas (IQs) and individual transferable quotas (ITQs) are the
most widely applicable and, indeed, the most commonly applied...
With the publication of the NOAA Draft Policy on Catch Shares, which
encourages US Management Councils to adopt Catch Share Programs (yet
another new name for LAPs, ITQs, or IFQs) there will likely be more
deliberations on such programs. With changes mandated in the revised
Magnuson-Stevens Act and the suggestions...
The New England Multispecies (groundfish) fishery is about to implement
the catch share management system, where self-identified groups of
harvesters called sectors receive quota allocations of total allowable catch
(TAC) proportional to the harvest history of their members. Joining a
sector is voluntary, thus there will be both sector members...
A new type of fisheries management approach termed catch share is set to
be implemented in the US Northeast groundfish fisheries in May 2010.
This approach gives a group of harvesters, called a sector, a portion of the
TAC to manage independently - a hybrid of co-management and individual
The case for assigning private property rights in fisheries has been
thoroughly studied but has lead to a new debate over whether rights should
be allocated to groups or individuals. The New England groundfish fishery
provides a rich context in which to study this question. Beginning in 2004,
In many fisheries, harvesters of different scales, different gears, or on
different sides of political boundaries crossed by a single stock are
effectively managed separately. The New England Multispecies
(groundfish) fishery is about to dramatically expand the number of
management systems in place concurrently, by allocating portions of the
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...
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,
Entrepreneurial New Zealand harvesters created a viable diving fishery for King Clams, Panopea zelandica, in the 1970's
contributing to the development of allocation rights to harvest. Once under the quota management system (QMS), however,
allocations for allowable catch do not reflect the harvest potential for this fishery. Expectations for quota...