Catch-Quota Balancing in Multispecies Individual Fishing Quotas
Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet, because of the difficulties in matching quota holdings with catches, many argue that IFQs are not appropriate for multispecies fish...
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ftagecon:oai:ageconsearch.umn.edu:292896 2024-09-15T18:13:50+00:00 Catch-Quota Balancing in Multispecies Individual Fishing Quotas Sanchirico, James Holland, Daniel Quigley, Kathryn Fina, Mark 2019-09-20T18:35:08Z https://doi.org/10.22004/ag.econ.292896 http://ageconsearch.umn.edu/record/292896 https://ageconsearch.umn.edu/record/292896/files/Catch-Quota-Balancing-in-Multispecies-Individual-Fishing-Quotas.pdf eng eng doi:10.22004/ag.econ.292896 https://ageconsearch.umn.edu/record/292896/files/Catch-Quota-Balancing-in-Multispecies-Individual-Fishing-Quotas.pdf http://ageconsearch.umn.edu/record/292896 http://ageconsearch.umn.edu/record/292896 Text 2019 ftagecon https://doi.org/10.22004/ag.econ.292896 2024-07-05T13:30:43Z Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet, because of the difficulties in matching quota holdings with catches, many argue that IFQs are not appropriate for multispecies fisheries. Using on-the-ground-experience with multispecies IFQ fisheries in Iceland, New Zealand, Australia, and Canada, we assess the design and use of catch-quota balancing mechanisms. Our methodology includes a mix of interviews with fishery managers, industry representatives, and brokers, literature review, and data analysis. We find that a combination of incentives and limits on use rates for the mechanisms provide sufficient flexibility to the quota owner without the fishery manager incurring excessive levels of overexploitation risk. Contrary to some opinions, these programs are evidence that it is possible to implement IFQ programs for multispecies fisheries and that they can be profitable and sustainable. Text Iceland AgEcon Search - Research in Agricultural & Applied Economics |
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AgEcon Search - Research in Agricultural & Applied Economics |
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English |
description |
Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet, because of the difficulties in matching quota holdings with catches, many argue that IFQs are not appropriate for multispecies fisheries. Using on-the-ground-experience with multispecies IFQ fisheries in Iceland, New Zealand, Australia, and Canada, we assess the design and use of catch-quota balancing mechanisms. Our methodology includes a mix of interviews with fishery managers, industry representatives, and brokers, literature review, and data analysis. We find that a combination of incentives and limits on use rates for the mechanisms provide sufficient flexibility to the quota owner without the fishery manager incurring excessive levels of overexploitation risk. Contrary to some opinions, these programs are evidence that it is possible to implement IFQ programs for multispecies fisheries and that they can be profitable and sustainable. |
format |
Text |
author |
Sanchirico, James Holland, Daniel Quigley, Kathryn Fina, Mark |
spellingShingle |
Sanchirico, James Holland, Daniel Quigley, Kathryn Fina, Mark Catch-Quota Balancing in Multispecies Individual Fishing Quotas |
author_facet |
Sanchirico, James Holland, Daniel Quigley, Kathryn Fina, Mark |
author_sort |
Sanchirico, James |
title |
Catch-Quota Balancing in Multispecies Individual Fishing Quotas |
title_short |
Catch-Quota Balancing in Multispecies Individual Fishing Quotas |
title_full |
Catch-Quota Balancing in Multispecies Individual Fishing Quotas |
title_fullStr |
Catch-Quota Balancing in Multispecies Individual Fishing Quotas |
title_full_unstemmed |
Catch-Quota Balancing in Multispecies Individual Fishing Quotas |
title_sort |
catch-quota balancing in multispecies individual fishing quotas |
publishDate |
2019 |
url |
https://doi.org/10.22004/ag.econ.292896 http://ageconsearch.umn.edu/record/292896 https://ageconsearch.umn.edu/record/292896/files/Catch-Quota-Balancing-in-Multispecies-Individual-Fishing-Quotas.pdf |
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Iceland |
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Iceland |
op_source |
http://ageconsearch.umn.edu/record/292896 |
op_relation |
doi:10.22004/ag.econ.292896 https://ageconsearch.umn.edu/record/292896/files/Catch-Quota-Balancing-in-Multispecies-Individual-Fishing-Quotas.pdf http://ageconsearch.umn.edu/record/292896 |
op_doi |
https://doi.org/10.22004/ag.econ.292896 |
_version_ |
1810451600827744256 |