Production Costs in Developing Fisheries Under Itqs: The New Zealand King Clam Fishery Public Deposited

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  • Entrepreneurial New Zealand harvesters created a viable diving fishery for King Clams, Panopea zelandica, in the 1970's contributing to the development of allocation rights to harvest. Once under the quota management system (QMS), however, allocations for allowable catch do not reflect the harvest potential for this fishery. Expectations for quota value and welfare are reduced by the fishery costs of production combined with the capital needed to develop the fishery. This paper identifies all costs of production in the development of this fishery combined with governance scenarios that address the multiple objectives of quota holders. Choosing the harvest approach to a developing fishery under a quota management scheme has flexibility but it is important to manage the shareholders interests while growing the fishery. The working model will specify the production and cost functions for a hypothetical quota owner/harvester under alternative governance scenarios that contribute to quota owner objectives. The model investigates scenarios to evaluate development approaches to improve quota holdings and promote the fishery over time.
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  • Gallagher, Charmaine Marie. 2010. Production Costs in Developing Fisheries Under Itqs: The New Zealand King Clam Fishery. 12 pages. 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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