The scope for fishing firms operating in an output controlled fishery, with tradable rights, and facing world prices, to augment profit is limited inter alia to a search for alternative input configurations that lower harvesting costs. This paper provides evidence of technical change in the New Zealand rock lobster fishery....
This paper discusses the potential application of implicit discount rates (IDR) derived from Individual Transferable Quota (ITQ) trading data as indicators of fishery bio-economic health. The theoretical background is discussed, and in the context of one New Zealand ITQ fishery we analyze the behavior of IDR over ten years of...
New Zealands quota management system is based on transferable
harvesting rights operating within regulated allowable harvest limits. The
system has evolved since its implementation in 1986. One particular
challenge has been the design of mechanisms to encourage the balancing of
catch against quota. A model is developed for a target...
The year 1990 saw the introduction of individual transferable quota rights to the NZ rock lobster fishery. This paper presents an analysis of the evolution of profitability in five different quota management areas over the period 1990-2001. The bio-economic model of an optimal fishery provides the basis for econometric analysis....
A wide range of fisheries are managed using vessel catch limits combined with different kinds of effort restrictions. This management framework is expected to have desirable consequences for the bioeconomic sustainability of fisheries. When appropriately implemented this approach produces outcomes that are similar to those associated with individual fishing quotas....