Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic
Achieving a balance between fishing capacity and fishing opportunities is one of the major challenges in European fisheries. One way to achieve this is to introduce individual tradable quotas or similar management measures. In several mackerel and herring fisheries in the Northeast Atlantic, such sy...
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ftrepec:oai:RePEc:eee:marpol:v:59:y:2015:i:c:p:85-93 2024-04-14T08:16:25+00:00 Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic Thøgersen, Thomas Eigaard, Ole Ritzau Fitzpatrick, Mike Mardle, Simon Andersen, Jesper Levring Haraldsson, Gunnar http://www.sciencedirect.com/science/article/pii/S0308597X15001062 unknown http://www.sciencedirect.com/science/article/pii/S0308597X15001062 article ftrepec 2024-03-19T10:27:52Z Achieving a balance between fishing capacity and fishing opportunities is one of the major challenges in European fisheries. One way to achieve this is to introduce individual tradable quotas or similar management measures. In several mackerel and herring fisheries in the Northeast Atlantic, such systems have already been introduced on a national basis and the long term economic gains of this have been acknowledged. This paper takes this a step further and investigates the potential economic gains from introducing individual tradable quotas between countries. Overall, the results show that the gross cash flow can be improved by 21% by allowing the mackerel and herring quotas to be traded internationally in the Northeast Atlantic. This rent gain arises mainly from increased productivity by allowing tradability between areas and fleets. The analysis also shows that the Danish pelagic fleet will gain from increasing its share of mackerel and herring quotas, whereas the Irish fleets are incentivised to sell quota, if individual quotas are allowed to be traded among countries. This result is in line with the qualitative analyses that show that Irish fishermen targeting herring in the Celtic Sea are negatively oriented towards international individual tradable quotas, whereas the Danish pelagic fishermen have strong preferences for international individual tradable quotas. Individual tradable quotas; Fisheries management; Mackerel; Herring; Northeast Atlantic; Economic; Article in Journal/Newspaper Northeast Atlantic RePEc (Research Papers in Economics) |
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Achieving a balance between fishing capacity and fishing opportunities is one of the major challenges in European fisheries. One way to achieve this is to introduce individual tradable quotas or similar management measures. In several mackerel and herring fisheries in the Northeast Atlantic, such systems have already been introduced on a national basis and the long term economic gains of this have been acknowledged. This paper takes this a step further and investigates the potential economic gains from introducing individual tradable quotas between countries. Overall, the results show that the gross cash flow can be improved by 21% by allowing the mackerel and herring quotas to be traded internationally in the Northeast Atlantic. This rent gain arises mainly from increased productivity by allowing tradability between areas and fleets. The analysis also shows that the Danish pelagic fleet will gain from increasing its share of mackerel and herring quotas, whereas the Irish fleets are incentivised to sell quota, if individual quotas are allowed to be traded among countries. This result is in line with the qualitative analyses that show that Irish fishermen targeting herring in the Celtic Sea are negatively oriented towards international individual tradable quotas, whereas the Danish pelagic fishermen have strong preferences for international individual tradable quotas. Individual tradable quotas; Fisheries management; Mackerel; Herring; Northeast Atlantic; Economic; |
format |
Article in Journal/Newspaper |
author |
Thøgersen, Thomas Eigaard, Ole Ritzau Fitzpatrick, Mike Mardle, Simon Andersen, Jesper Levring Haraldsson, Gunnar |
spellingShingle |
Thøgersen, Thomas Eigaard, Ole Ritzau Fitzpatrick, Mike Mardle, Simon Andersen, Jesper Levring Haraldsson, Gunnar Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic |
author_facet |
Thøgersen, Thomas Eigaard, Ole Ritzau Fitzpatrick, Mike Mardle, Simon Andersen, Jesper Levring Haraldsson, Gunnar |
author_sort |
Thøgersen, Thomas |
title |
Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic |
title_short |
Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic |
title_full |
Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic |
title_fullStr |
Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic |
title_full_unstemmed |
Economic gains from introducing international ITQs—The case of the mackerel and herring fisheries in the Northeast Atlantic |
title_sort |
economic gains from introducing international itqs—the case of the mackerel and herring fisheries in the northeast atlantic |
url |
http://www.sciencedirect.com/science/article/pii/S0308597X15001062 |
genre |
Northeast Atlantic |
genre_facet |
Northeast Atlantic |
op_relation |
http://www.sciencedirect.com/science/article/pii/S0308597X15001062 |
_version_ |
1796315083194761216 |