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Itq Markets in A Fishery With Crew Shares

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Abstract
  • The literature on ITQs as a fishery management tool predominantly assumes that all input prices are parametric. In many if not most fisheries, however, fishing crews are paid a share of the profits. The paper explores the efficiency of ITQ markets when crews are remunerated under a share system. Efficiency typically requires that crew bear equal shares of both non-labour variable costs and quota costs, although this is not strictly necessary in all cases. The implications of crew resistance to sharing in the cost of quota are considered, as are the effects of quota non-compliance under a share system.
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  • Hatcher, Aaron. 2010. Itq Markets in A Fishery With Crew Shares. In: Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 13-16, 2010, Montpellier, France: Economics of Fish Resources and Aquatic Ecosystems: Balancing Uses, Balancing Costs. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2010.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, Agence Française de Développement, Ministère de l’Enseignement Supérieur et de la Recherche, Ministère de L’Alimentation de L’Agriculture et de la Pêche, Ministère de l’Énergie, du Développement Durable et de la Mer, La Région Languedoc Rouslilon, Département Hérault, Montpellier Agglomèration, The Department of Fisheries and Oceans, Canada, and AquaFish Collaborative Research Support Program (CRSP).
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