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Licensed to Kill: Can we use Quota Markets to Conserve Seabirds?

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  • Despite substantial technological developments over the last two decades, incidental catch of charismatic species still occurs in many world fisheries. Short of ceasing fishing activity, some bycatch is inevitable. In some cases, populations of these species are at low levels, and in several instances the species have been listed as endangered or threatened under national conservation legislation. For many of these bycatch species, however, fishing is not the sole anthropogenic threat to their population, and populations potentially can be restored through removing other externalities. However, the lack of any cost to fishers associated with declining bycatch populations and the free rider problem associated with any environmental restoration process result in no incentives for the fishing industry to undertake other population restoration measures. In this paper, the potential for individual bycatch quotas to provide both an incentive to minimise bycatch as well as a mechanism to finance biodiversity offsets is examined. Different models of implementation, involving different conditions on ownership, are examined, including an option for conservation group ownerships as a means to raise finance for offsetting conservation activities. The incentives facing the different groups under different implementation approaches, and implications for the effectiveness of the scheme, are assessed using a simple bioeconomic model of the fishery. 
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  • Pascoe, Sean. 2014. Licensed to Kill: Can we use Quota Markets to Conserve Seabirds? In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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