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Modelling an ITQ Scheme in the Galapagos Marine Reserve Spiny Lobster Fishery

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  • Alvear, Santiago A. Bermeo

Abstract

This paper assesses the distributional and economic impacts resulting from a hypothetical individual quota management system in the Galápagos spiny lobster fishery. Using data from the Fisheries Monitoring Programme, an implicit function is derived and evaluated at a total allowable catch to estimate an equilibrium price for quota. By comparing this with each vessel-owner's implicit quota price, the number of fishers who will have an economic incentive to sell quota is estimated. The outcomes of the model indicate that the equity implications, as well as the economic benefits, resulting from the introduction of an ITQ system would be significant.

Suggested Citation

  • Alvear, Santiago A. Bermeo, 2006. "Modelling an ITQ Scheme in the Galapagos Marine Reserve Spiny Lobster Fishery," 2006 Conference, August 24-25, 2006, Nelson, New Zealand 31973, New Zealand Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:nzasin:31973
    DOI: 10.22004/ag.econ.31973
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    References listed on IDEAS

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    1. Copes, Parzival & Charles, Anthony, 2004. "Socioeconomics of Individual Transferable Quotas and Community-Based Fishery Management," Agricultural and Resource Economics Review, Cambridge University Press, vol. 33(2), pages 171-181, October.
    2. Hugo Salgado & Bernardo Aliaga, 2002. "Simulación de CIT en la Pesquería del Jurel en Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 39(116), pages 27-50.
    3. Parzival Copes, 1986. "A Critical Review of the Individual Quota as a Device in Fisheries Management," Land Economics, University of Wisconsin Press, vol. 62(3), pages 278-291.
    4. 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.
    5. Ragnar Arnason, 1990. "Minimum Information Management in Fisheries," Canadian Journal of Economics, Canadian Economics Association, vol. 23(3), pages 630-653, August.
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