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

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  • Claire W. Armstrong
  • Ussif Rashid Sumaila

Abstract

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.

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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 77 (2001)
Issue (Month): 3 ()
Pages: 350-359

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Handle: RePEc:uwp:landec:v:77:y:2001:i:3:p:350-359

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Web page: http://le.uwpress.org/

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Cited by:
  1. TAKARADA Yasuhiro, 2010. "Shared Renewable Resource and International Trade: Technical measures for fisheries management," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 10035, Research Institute of Economy, Trade and Industry (RIETI).
  2. Yasuhiro Takarada & Weijia Dong & Takeshi Ogawa, 2011. "Shared Renewable Resource and International Trade: Technical Measures for Resource Management," ERSA conference papers ersa11p449, European Regional Science Association.
  3. Escapa García, Marta & Prellezo, Raúl, 1999. "Fishing Technology and Optimal Distribution of Harvest Rates," BILTOKI, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística) 1999-07, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística).
  4. Garza-Gil, M. Dolores & Varela-Lafuente, Manuel M. & Caballero-Miguez, Gonzalo & Álvarez-Díaz, Marcos, 2011. "Analysing the profitability of the Spanish fleet after the anchovy moratorium using bootstrap techniques," Ecological Economics, Elsevier, Elsevier, vol. 70(6), pages 1154-1161, April.
  5. P. Michael Link, 2003. "Auswirkungen populationsdynamischer Veränderungen in Fischbeständen auf die Fischereiwirtschaft in der Barentssee," Working Papers, Research unit Sustainability and Global Change, Hamburg University FNU-29, Research unit Sustainability and Global Change, Hamburg University, revised May 2003.
  6. Doring, Ralf & Egelkraut, Thorsten M., 2008. "Investing in natural capital as management strategy in fisheries: The case of the Baltic Sea cod fishery," Ecological Economics, Elsevier, Elsevier, vol. 64(3), pages 634-642, January.
  7. Diekert , Florian & Lund , Kristen & Schweder, Tore, 2014. "From Open-Access to Individual Quotas: Disentangling the Effects of Policy Reform and Environmental Changes in the Norwegian Coastal Cod Fishery," Memorandum, Oslo University, Department of Economics 07/2014, Oslo University, Department of Economics.

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