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Evidence of package trading in a mature multi-species ITQ market

Citation

Innes, J and Thebaud, O and Norman-Lopez, A and Little, LR and Kung, J, Evidence of package trading in a mature multi-species ITQ market, Marine Policy, 46 pp. 68-71. ISSN 0308-597X (2014) [Refereed Article]

Copyright Statement

Crown Copyright 2014 Published by Elsevier Ltd.

DOI: doi:10.1016/j.marpol.2013.12.013

Abstract

In multi-species fisheries managed under ITQs, the existence of joint production may lead to complex catch-quota balancing issues. Previous modelling and experimental research suggest that, in such fisheries, some fishers may benefit from the ability to trade packages of fishing quotas, rather than fulfil their quota needs by simultaneously bidding on separate single-species quota markets. This note presents evidence of naturally occurring package trades in a real fishery. Based on this evidence, we suggest that further empirical and modelling research is required on the potential and limitations of package quota trading in mixed fisheries managed with ITQs.

Item Details

Item Type:Refereed Article
Keywords:Great Barrier Reef, ITQs, joint production, mixed fisheries, package trading
Research Division:Agricultural and Veterinary Sciences
Research Group:Fisheries Sciences
Research Field:Fisheries Management
Objective Division:Animal Production and Animal Primary Products
Objective Group:Fisheries - Wild Caught
Objective Field:Fisheries - Wild Caught not elsewhere classified
Author:Little, LR (Dr Richard Little)
ID Code:119436
Year Published:2014
Web of Science® Times Cited:2
Deposited By:IMAS - Directorate
Deposited On:2017-08-01
Last Modified:2017-09-20
Downloads:0

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