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New Zealand's Quota Management System: A History of the First 20 Years

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  • Kelly Lock

    ()
    (Motu Economic and Public Policy Research)

  • Stefan Leslie

    ()
    (New Zealand Ministry of Fisheries)

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    Abstract

    New Zealand is a world leader in the use of Individual Transferable Quota (ITQ) to manage fisheries. Although the use of an ITQ system is not unique to New Zealand, no other country has used this system to the same extent as New Zealand. This has meant that, internationally, a lot of interest has been placed on how our system works and the level of success it has achieved. Generally, the New Zealand system is considered to be a success story, yet the system has changed a number of times since its inception in 1986. Despite the level of interest in New Zealand's unique ITQ system, the current literature is unable to provide a complete account of the historic and current regulations surrounding it. This paper addresses this gap by documenting how the Quota Management System (QMS) functions and the changes it has undergone since its introduction. Reviewing these changes facilitates a deeper understanding of the system itself, as well as providing insight into its potential limitations.

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    File URL: http://motu-www.motu.org.nz/wpapers/07_02.pdf
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    Bibliographic Info

    Paper provided by Motu Economic and Public Policy Research in its series Working Papers with number 07_02.

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    Length: 83 pages
    Date of creation: Apr 2007
    Date of revision:
    Handle: RePEc:mtu:wpaper:07_02

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    Keywords: Quota management system; individual transferable quota; fisheries; management; New Zealand;

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    References

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    1. Suzi Kerr & Richard Newell & Jim Sanchirico, 2003. "Evaluating the New Zealand Individual Transferable Quota Market for Fisheries Management," Others 0309004, EconWPA.
    2. Newell, Richard G. & Sanchirico, James N. & Kerr, Suzi, 2005. "Fishing quota markets," Journal of Environmental Economics and Management, Elsevier, vol. 49(3), pages 437-462, May.
    3. Sanchirico, James N. & Holland, Daniel & Quigley, Kathryn & Fina, Mark, 2006. "Catch-quota balancing in multispecies individual fishing quotas," Marine Policy, Elsevier, vol. 30(6), pages 767-785, November.
    4. Clark, Ian, 1993. "Individual transferable quotas: the New Zealand experience," Marine Policy, Elsevier, vol. 17(5), pages 340-342, September.
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    Cited by:
    1. Kelly Lock & Suzi Kerr, 2008. "Nutrient Trading in Lake Rotorua: Choosing the Scope of a Nutrient Trading System," Working Papers 08_05, Motu Economic and Public Policy Research.

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