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Individual transferable quotas in achieving multiple objectives of fisheries management

Citation

Hoshino, E and van Putten, I and Pascoe, S and Vieira, S, Individual transferable quotas in achieving multiple objectives of fisheries management, Marine Policy, 113 Article 103744. ISSN 0308-597X (2019) [Refereed Article]

Copyright Statement

2019 Elsevier Ltd. All rights reserved.

DOI: doi:10.1016/j.marpol.2019.103744

Abstract

Transferable fishing rights in the form of individual transferable catch quota (ITQ) have been introduced into a large number of fisheries worldwide, mainly to achieve resource sustainability objectives and to improve the economic performance of the fisheries. ITQs have been credited with a number of potential benefits, particularly in relation to fisher incentives and allowing the fishery to adjust in response to changing biological and economic conditions without the need of further actions by managers to reduce fishing effort. While these economic benefits have been realised in some fisheries, others have seen less of an improvement in economic performance and believed to have resulted in adverse social impacts in some cases. This article reviews international experiences of ITQ management to determine the experiences elsewhere in relation to sustainability, economic, social, and governance outcomes, collating the empirical evidence for ITQs in achieving multiple objectives, and highlighting the research gaps.

Item Details

Item Type:Refereed Article
Keywords:catch share, ITQ, right-based management, multiple objectives
Research Division:Agricultural and Veterinary Sciences
Research Group:Fisheries Sciences
Research Field:Fisheries Management
Objective Division:Expanding Knowledge
Objective Group:Expanding Knowledge
Objective Field:Expanding Knowledge in the Environmental Sciences
UTAS Author:van Putten, I (Dr Ingrid Van Putten)
ID Code:137828
Year Published:2019
Deposited By:Directorate
Deposited On:2020-03-05
Last Modified:2020-04-29
Downloads:0

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