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ITQs and Community: An Essay on Environmental Governance

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  • McCay, Bonnie J.

Abstract

Two important new directions in resource and environmental management are increased reliance on market mechanisms on the one hand, and on greater participation by local communities on the other. In fisheries, market-based management is found mainly in the "cap-and-trade" systems known as individual transferable quotas (ITQs). ITQs are effective in achieving certain economic goals but often with undesirable social costs, leading to the view that they are antithetical to community-based management. However, ITQ systems have been adapted to mitigate community losses. In addition, social resistance to ITQs has encouraged the development of innovative programs in community-based fisheries management.

Suggested Citation

  • McCay, Bonnie J., 2004. "ITQs and Community: An Essay on Environmental Governance," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 33(2), pages 1-9, October.
    • Handle: RePEc:ags:arerjl:31265
    DOI: 10.22004/ag.econ.31265
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    1. Carothers, Courtney, 2015. "Fisheries privatization, social transitions, and well-being in Kodiak, Alaska," Marine Policy, Elsevier, vol. 61(C), pages 313-322.
    2. Alyssa L. Joyce & Terre A. Satterfield, 2010. "Shellfish aquaculture and First Nations' sovereignty: The quest for sustainable development in contested sea space," Natural Resources Forum, Blackwell Publishing, vol. 34(2), pages 106-123, May.
    3. Foley, Paul & Mather, Charles & Neis, Barbara, 2015. "Governing enclosure for coastal communities: Social embeddedness in a Canadian shrimp fishery," Marine Policy, Elsevier, vol. 61(C), pages 390-400.
    4. Melstrom, Richard T., 2014. "Optimal Management of a Fishery with Bycatch," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 168316, Agricultural and Applied Economics Association.
    5. Clay, Patricia M. & Kitts, Andrew & Pinto da Silva, Patricia, 2014. "Measuring the social and economic performance of catch share programs: Definition of metrics and application to the U.S. Northeast Region groundfish fishery," Marine Policy, Elsevier, vol. 44(C), pages 27-36.
    6. Melstrom, Richard T., 2015. "Cyclical harvesting in fisheries with bycatch," Resource and Energy Economics, Elsevier, vol. 42(C), pages 1-15.
    7. Asproudis, Elias & Filippiadis, Eleftherios, 2021. "Bargaining for Community Fishing Quotas," MPRA Paper 107409, University Library of Munich, Germany.
    8. Jardine, Sunny L. & Fisher, Mary C. & Moore, Stephanie K. & Samhouri, Jameal F., 2020. "Inequality in the Economic Impacts from Climate Shocks in Fisheries: The Case of Harmful Algal Blooms," Ecological Economics, Elsevier, vol. 176(C).

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