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Implications of a Discard Ban in Multispecies Quota Fisheries

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  • Aaron Hatcher

Abstract

We present an analysis of quota regulation and discarding in multispecies fisheries, explicitly taking into account the costs of non-compliance with quotas and a possible discard ban, as well as the costs of selective fishing (avoidance effort). We examine the impact of a discard ban on vessels’ profit maximising behaviour, in particular where species quotas are not set in proportion to their availability on the fishing grounds, considering both non-tradeable quotas and ITQs. We show the interdependence between penalty rates for both discards and over-quota landings in determining quota market outcomes. We find that quota prices are sensitive to penalty rates and to the presence of restrictive quotas for “choke” species. Copyright Springer Science+Business Media Dordrecht 2014

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  • Aaron Hatcher, 2014. "Implications of a Discard Ban in Multispecies Quota Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(3), pages 463-472, July.
    • Handle: RePEc:kap:enreec:v:58:y:2014:i:3:p:463-472
    DOI: 10.1007/s10640-013-9716-1
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    References listed on IDEAS

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    5. Hatcher, Aaron, 2012. "Market power and compliance with output quotas," Resource and Energy Economics, Elsevier, vol. 34(2), pages 255-269.
    6. Herrera, Guillermo E., 2005. "Stochastic bycatch, informational asymmetry, and discarding," Journal of Environmental Economics and Management, Elsevier, vol. 49(3), pages 463-483, May.
    7. Turner, Matthew A., 1997. "Quota-Induced Discarding in Heterogeneous Fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 186-195, June.
    8. Abbott, Joshua K. & Wilen, James E., 2009. "Regulation of fisheries bycatch with common-pool output quotas," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 195-204, March.
    9. Carlos Chavez & Hugo Salgado, 2005. "Individual Transferable Quota Markets under Illegal Fishing," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(3), pages 303-324, July.
    10. Holland, D.S., 2010. "Markets, pooling and insurance for managing bycatch in fisheries," Ecological Economics, Elsevier, vol. 70(1), pages 121-133, November.
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    Cited by:

    1. Moor, Jordan & Asche, Frank & Ropicki, Andrew J., 2023. "Renewable resource market responses under rights-based management: linkages in Gulf of Mexico fisheries," 2023 Annual Meeting, July 23-25, Washington D.C. 335749, Agricultural and Applied Economics Association.
    2. Marta Biancardi & Gianluca Iannucci & Giovanni Villani, 2022. "Groundwater Exploitation and Illegal Behaviors in a Differential Game," Dynamic Games and Applications, Springer, vol. 12(3), pages 996-1009, September.
    3. Okumura, Yasunori, 2016. "Individual transferable quotas in Cournot competition," Economic Modelling, Elsevier, vol. 55(C), pages 315-321.
    4. Kiyama, Shoichi & Yamazaki, Satoshi, 2022. "Product switching and efficiency in a declining small-scale fishery," Ecological Economics, Elsevier, vol. 193(C).

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