The current U.S. moratorium on implementation of new Individual Quota (IQ) programs has left fishery managers
without an important tool in the quest for successful management systems. Meanwhile, many fisheries, such as the west coast
groundfish fishery, are in desperate need of capacity reduction and more flexible management.
The Pacific Fishery Management Council (PFMC) has, since 1994, employed a license limitation program for most of its
groundfish fishery. Management objectives identified for this fishery include the provision of year-round supplies of fresh fish
to regional markets. To promote this objective the Council has adopted, over the past 15 years, an evolving web of individual-trip
and cumulative-time-period landing limits, which slow the pace of the fishery. In recent years, downturns in the perceived health
of several stocks, combined with more stringent rebuilding requirements, have resulted in dramatic reductions in the limits for
many species. With little hope of implementing a permit buyback initiative, the PFMC is currently considering alternatives for
voluntary and mandatory permit stacking to achieve fleet reduction and, in turn, higher limits for vessels on the water. Stacking
may prove to be an effective intermediate step towards IQs for fisheries combining limited access with some form of effort/output
controls. In relatively small fisheries, particularly those with existing permit programs and output/effort restrictions, permit
stacking may represent a cost-effective means of facilitatating fleet consolidation and individual accumulation of harvest rights.
Hastie, J. Permit Stacking as an Approach to Implementing Harvest Rights That Can Be Transferred and Accumulated. In: Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.