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The triple bottom line: Meeting ecological, economic and social goals with individual transferable quotas

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  • Péreau, J.-C.
  • Doyen, L.
  • Little, L.R.
  • Thébaud, O.

Abstract

This paper deals with the sustainable management of a renewable resource based on individual and transferable quotas (ITQs) when agents differ in terms of harvesting costs or catch capability. In a dynamic bio-economic model, we determine the feasibility conditions under which a fishery manager can achieve sustainability objectives which simultaneously account for stock conservation, economic efficiency and maintenance of fishing activity for the agents along time. We show how the viability of quota management strategies based on ITQ depends on the degree of heterogeneity of users in the fishery, the current status and the dynamics of the stock together with the selection of TAC schedules. In particular for a given stock, we compute the maximin effort for a given set of agents and we derive the maximal number of active agents for a given guaranteed effort. An application to the nephrops fishery in the Bay of Biscay illustrates the results.

Suggested Citation

  • Péreau, J.-C. & Doyen, L. & Little, L.R. & Thébaud, O., 2012. "The triple bottom line: Meeting ecological, economic and social goals with individual transferable quotas," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 419-434.
    • Handle: RePEc:eee:jeeman:v:63:y:2012:i:3:p:419-434
    DOI: 10.1016/j.jeem.2012.01.001
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    Cited by:

    1. Jean-Christophe Pereau & Lauriane Mouysset & Luc Doyen, 2018. "Groundwater Management in a Food Security Context," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(2), pages 319-336, October.
    2. L. Doyen & A. A. Cissé & N. Sanz & F. Blanchard & J.-C. Pereau, 2018. "The Tragedy of Open Ecosystems," Dynamic Games and Applications, Springer, vol. 8(1), pages 117-140, March.
    3. Doyen, L. & Martinet, V., 2012. "Maximin, viability and sustainability," Journal of Economic Dynamics and Control, Elsevier, vol. 36(9), pages 1414-1430.
    4. Cuilleret, Mathieu & Doyen, Luc & Gomes, Hélène & Blanchard, Fabian, 2022. "Resilience management for coastal fisheries facing with global changes and uncertainties," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 634-656.
    5. Pedro Gajardo & Luc Doyen, 2018. "Viability standards and multi-criteria maximin," Cahiers du GREThA (2007-2019) 2018-04, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    6. L. Doyen & A. Cissé & S. Gourguet & L. Mouysset & P.-Y. Hardy & C. Béné & F. Blanchard & F. Jiguet & J.-C. Pereau & O. Thébaud, 2013. "Ecological-economic modelling for the sustainable management of biodiversity," Computational Management Science, Springer, vol. 10(4), pages 353-364, December.
    7. Michel de Lara & Vincent Martinet & Luc Doyen, 2015. "Satisficing versus optimality: criteria for sustainability," Post-Print hal-01123050, HAL.
    8. Cissé, A.A. & Doyen, L. & Blanchard, F. & Béné, C. & Péreau, J.-C., 2015. "Ecoviability for small-scale fisheries in the context of food security constraints," Ecological Economics, Elsevier, vol. 119(C), pages 39-52.
    9. Kailin Kroetz & James N. Sanchirico & Daniel K. Lew, 2015. "Efficiency Costs of Social Objectives in Tradable Permit Programs," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(3), pages 339-366.
    10. Martin F. Quaas & Max T. Stoeven & Bernd Klauer & Thomas Petersen & Johannes Schiller, 2018. "Windows of Opportunity for Sustainable Fisheries Management: The Case of Eastern Baltic Cod," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(2), pages 323-341, June.
    11. Yamazaki, Satoshi & Jennings, Sarah & Quentin Grafton, R. & Kompas, Tom, 2015. "Are marine reserves and harvest control rules substitutes or complements for rebuilding fisheries?," Resource and Energy Economics, Elsevier, vol. 40(C), pages 1-18.
    12. Violaine Tarizzo & Eric Tromeur & Olivier Thébaud & Richard Little & Sarah Jennings & Luc Doyen, 2018. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Cahiers du GREThA (2007-2019) 2018-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    13. Martin Quaas & Anders Skonhoft, 2022. "Welfare Effects of Changing Technological Efficency in Regulated Open-Access Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(4), pages 869-888, August.
    14. Tromeur, Eric & Doyen, Luc & Tarizzo, Violaine & Little, L. Richard & Jennings, Sarah & Thébaud, Olivier, 2021. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Ecological Economics, Elsevier, vol. 190(C).
    15. Mathieu Cuilleret & Luc Doyen & Hélène Gomes & Fabian Blanchard, 2021. "Resilience-based management for small-scale fisheries in the face of global changes and uncertainties," Bordeaux Economics Working Papers 2021-20, Bordeaux School of Economics (BSE).
    16. Emmanuelle Quillérou & Nolwenn Roudaut & Olivier Guyader, 2013. "Managing fleet capacity effectively under second-hand market redistribution," Post-Print hal-00835574, HAL.
    17. Nichols, Rachel & Yamazaki, Satoshi & Jennings, Sarah, 2018. "The Role of Precaution in Stock Recovery Plans in a Fishery with Habitat Effect," Ecological Economics, Elsevier, vol. 146(C), pages 359-369.
    18. Wang, Xin & Lim, Michael K. & Ouyang, Yanfeng, 2017. "Food-energy-environment trilemma: Policy impacts on farmland use and biofuel industry development," Energy Economics, Elsevier, vol. 67(C), pages 35-48.
    19. CISSE Abdoul & SANZ Nicolas & BLANCHARD Fabien & DOYEN Luc & PEREAU Jean-Christophe, 2015. "The tragedy of ecosystems in open-access," Cahiers du GREThA (2007-2019) 2015-02, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    20. Luc Doyen & Christophe Béné, 2018. "A generic metric of resilience from resistance to transformation," Cahiers du GREThA (2007-2019) 2018-03, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    21. Schuhbauer, Anna & Sumaila, U. Rashid, 2016. "Economic viability and small-scale fisheries — A review," Ecological Economics, Elsevier, vol. 124(C), pages 69-75.
    22. A.A. Cisse & L. Doyen & F. Blanchard & J.C. Pereau, 2013. "Stochastic viability of the coastal fishery in French Guiana," Documents de Travail 2013-07, CEREGMIA, Université des Antilles et de la Guyane.
    23. Coralie KERSULEC & Luc DOYEN, 2022. "From fork to fish: The role of consumer preferences on the sustainability of fisheries," Bordeaux Economics Working Papers 2022-10, Bordeaux School of Economics (BSE).

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    More about this item

    Keywords

    Renewable resource; Sustainability; Total allowable catch; Individual and transferable quotas; Maximin; Feasibility set;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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