Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.
Individual Transferable catch-Quotas (ITQs) have become a popular management tool to reduce excess competition and foster economic efficiency in marine commercial fisheries. They have increasingly been used in more complex multispecies fisheries, where the by-catch of non-targeted species is common. In these fisheries, the reduction of discards is also being promoted, including recently in Europe with the adoption of a landing obligation under the Common Fisheries Policy (CFP). In part, the debate on the adoption of this obligation focuses on its potential socio-economic impacts, and whether these could be mitigated through either management or industry adaptation. In this paper, we propose a modeling framework to address these issues. We apply this model to a stylized representation of the Australian South-East Trawl fishery, and illustrate how it can be used to explore the bio-economic implications of a ban on discards under alternative scenarios relating to the quota management system, and to potential adaptation options for the fishery.