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New Zealand fisheries management: changes in property rights structure and implications for sustainability

Author

Listed:
  • James M. Stewart

    (UNITEC, Auckland, New Zealand)

  • Peter D. Callagher

    (UNITEC, Auckland, New Zealand)

Abstract

Participation in the New Zealand fishing industry exists on two levels: quota holding and quota ownership. This study is motivated by the desire to establish whether changes in the number and concentration of quota ownerships and quota holdings have had any impact on the sustainability of fishery in New Zealand. Of the 294 marine species commercially harvested in New Zealand the top 15 by volume and|or value are considered in this paper. Findings indicate that quota ownership and holding have become more concentrated since the inception of the individual transferable quota (ITQ) regime, with the concentration ratios CR4, CR10 and CR20 all increasing. This suggests that the introduction of the ITQ has not encouraged the entry of new market participants; rather the industry has moved toward a single ownership model. Second, this paper establishes trends in the level of total allocable commercial catch (TACC) over the study period (August 1986-June 2000). Findings suggest that, with one or two interesting exceptions, catch levels have remained remarkably constant. Prima facie, there appears to have been no adverse impact from structural change on the overall resource sustainability based on TACC. Copyright © 2003 John Wiley & Sons, Ltd. and ERP Environment

Suggested Citation

  • James M. Stewart & Peter D. Callagher, 2003. "New Zealand fisheries management: changes in property rights structure and implications for sustainability," Sustainable Development, John Wiley & Sons, Ltd., vol. 11(2), pages 69-76.
    • Handle: RePEc:wly:sustdv:v:11:y:2003:i:2:p:69-76
    DOI: 10.1002/sd.208
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    References listed on IDEAS

    as
    1. Batstone, C J & Sharp, B M H, 1999. "New Zealand's quota management system: the first ten years," Marine Policy, Elsevier, vol. 23(2), pages 177-190, March.
    2. Jeffrey A. Hutchings, 2000. "Collapse and recovery of marine fishes," Nature, Nature, vol. 406(6798), pages 882-885, August.
    3. Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63, pages 116-116.
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    Cited by:

    1. Stewart, James & Callagher, Peter, 2013. "Industry response to the 2003 set net restrictions for protection of Maui′s dolphin," Marine Policy, Elsevier, vol. 42(C), pages 210-222.

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