Restoring a Fish Stock: A Dynamic Bankruptcy Problem
Total Allowable Catch (TAC) regulating schemes have been introduced in most fisheries. TAC distribution following the Proportional rule, based on historical catches, implies that harvesters, or vessel groups, who have captured more in the past and contributed to overfishing are getting greater quota...
Main Authors: | , |
---|---|
Other Authors: | |
Format: | Text |
Language: | English |
Subjects: | |
Online Access: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.524.3374 http://www.iamz.ciheam.org/GTP2006/FinalpapersGTP2006/18final.pdf |
Summary: | Total Allowable Catch (TAC) regulating schemes have been introduced in most fisheries. TAC distribution following the Proportional rule, based on historical catches, implies that harvesters, or vessel groups, who have captured more in the past and contributed to overfishing are getting greater quotas than groups that have contributed less to overfishing. In contrast to this rule a more egalitarian rule, the Constrained Equal Award rule, is proposed to distribute the TAC. Contingent upon the fishing techniques used by the harvesters, it is shown that this egalitarian rule may shorten the recovery period of fish stock and increase the profitability of fisheries subject to TAC regulation. Simulations with data from the North East Atlantic Norwegian cod fishery illustrate it. |
---|