Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod

First, we study the allocation rule applied to split the Norwegian total allowable catch for cod between coastal and trawler vessels. Second, we explore the bioeconomic implications of an ITQ management system for this fishery. A model combining a cannibalistic biomodel with cooperative game theory...

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Bibliographic Details
Main Authors: Claire W. Armstrong, Ussif Rashid Sumaila
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Arctic
Tac
Arctic cod
Online Access:http://le.uwpress.org/cgi/reprint/77/3/350
id ftrepec:oai:RePEc:uwp:landec:v:77:y:2001:i:3:p:350-359
record_format openpolar
spelling ftrepec:oai:RePEc:uwp:landec:v:77:y:2001:i:3:p:350-359 2023-05-15T14:30:25+02:00 Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod Claire W. Armstrong Ussif Rashid Sumaila http://le.uwpress.org/cgi/reprint/77/3/350 unknown http://le.uwpress.org/cgi/reprint/77/3/350 article ftrepec 2020-12-04T13:43:26Z First, we study the allocation rule applied to split the Norwegian total allowable catch for cod between coastal and trawler vessels. Second, we explore the bioeconomic implications of an ITQ management system for this fishery. A model combining a cannibalistic biomodel with cooperative game theory is developed. Key results from the study are (1) the current allocation rule acts in opposite fashion to what may be considered bioeconomically optimal; and (2) an ITQ system for this fishery is likely to result in economic losses, as the biological advantages of harvesting with the two vessels types may be lost. Article in Journal/Newspaper Arctic cod Arctic RePEc (Research Papers in Economics) Arctic Tac ENVELOPE(-59.517,-59.517,-62.500,-62.500)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description First, we study the allocation rule applied to split the Norwegian total allowable catch for cod between coastal and trawler vessels. Second, we explore the bioeconomic implications of an ITQ management system for this fishery. A model combining a cannibalistic biomodel with cooperative game theory is developed. Key results from the study are (1) the current allocation rule acts in opposite fashion to what may be considered bioeconomically optimal; and (2) an ITQ system for this fishery is likely to result in economic losses, as the biological advantages of harvesting with the two vessels types may be lost.
format Article in Journal/Newspaper
author Claire W. Armstrong
Ussif Rashid Sumaila
spellingShingle Claire W. Armstrong
Ussif Rashid Sumaila
Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod
author_facet Claire W. Armstrong
Ussif Rashid Sumaila
author_sort Claire W. Armstrong
title Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod
title_short Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod
title_full Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod
title_fullStr Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod
title_full_unstemmed Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod
title_sort optimal allocation of tac and the implications of implementing an itq management system for the north-east arctic cod
url http://le.uwpress.org/cgi/reprint/77/3/350
long_lat ENVELOPE(-59.517,-59.517,-62.500,-62.500)
geographic Arctic
Tac
geographic_facet Arctic
Tac
genre Arctic cod
Arctic
genre_facet Arctic cod
Arctic
op_relation http://le.uwpress.org/cgi/reprint/77/3/350
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