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.
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.
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.