Rights based management of industrial fisheries in a small coastal territory Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/df65v903m

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  • The Falkland Islands has successfully met many challenges in the management and development of its fisheries resources over the last 20 years. To meet a new generation of challenges the current licensing system based on the allocation of non-transferable, variable duration licences to individual vessels is to be replaced by a system of long-term individual transferable rights owned by Falkland Islanders. The anticipated gains are enhanced economic performance of the sector because fishing businesses have increased security and flexibility, rapid diversification from harvesting into value-added activities and increased international competitiveness as poorly performing companies sell rights to well performing companies. Implementing a rights based regime in a small coastal state is challenging. Thin markets for rights, a desire to maintain local control of fishing rights, and a dependence on foreign direct investment in the fisheries sector are key considerations in the design of an effective and efficient management regime. Additional considerations include the trade-off between the economic efficiency gains derived from output-controlled fisheries and the relative administrative simplicity of input controlled fisheries. Under the rights based system monitoring of economic performance including the value of rights trades and rents generated will be key performance indicators along side traditional biological measures of management performance. Starting operation in January 2005, the new rights-based management system provides a model for small coastal states or small industrial fisheries that previously had considered rights based systems too complex to implement and administer despite the inherent advantages of rights based management.
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  • Harte, Michael James. 2004. Rights based management of industrial fisheries in a small coastal territory. In: Proceedings of the Twelfth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 20-30, 2004, Tokyo, Japan: What are Responsible Fisheries? Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2004. CD ROM. ISBN 0-9763432-0-7
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  • description.provenance : Made available in DSpace on 2015-08-13T21:27:03Z (GMT). No. of bitstreams: 1 147.pdf: 247582 bytes, checksum: 150b9aff43cd59eb0adee31ba2470574 (MD5) Previous issue date: 2004-11

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