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Individual Vessel Quotas and Increased Fishing Pressure on Unregulated Species

Author

Listed:
  • Frank Asche
  • Daniel V. Gordon
  • Carsten L. Jensen

Abstract

When individual vessel quotas are used in fisheries management, quotas are set species by species, in most cases. Often, it is only the most important of the target species that are regulated by quota. There is a growing concern that the introduction of individual vessel quotas leads to increased fishing pressure on unregulated species. To model the behavior of fishermen with this regulatory structure, a constrained profit function is used, where the quota species are treated as fixed, while the unregulated species are variable. An empirical analysis is provided for Norwegian purse seiners.

Suggested Citation

  • Frank Asche & Daniel V. Gordon & Carsten L. Jensen, 2007. "Individual Vessel Quotas and Increased Fishing Pressure on Unregulated Species," Land Economics, University of Wisconsin Press, vol. 83(1), pages 41-49.
  • Handle: RePEc:uwp:landec:v:83:y:2007:i:1:p:41-49
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    References listed on IDEAS

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    1. Lau, Lawrence J., 1976. "A characterization of the normalized restricted profit function," Journal of Economic Theory, Elsevier, vol. 12(1), pages 131-163, February.
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    3. Quinn Weninger, 1998. "Assessing Efficiency Gains from Individual Transferable Quotas: An Application to the Mid-Atlantic Surf Clam and Ocean Quahog Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(4), pages 750-764.
    4. Trond Bjørndal & Daniel V. Gordon, 1993. "The Opportunity Cost of Capital and Optimal Vessel Size in the Norwegian Fishing Fleet," Land Economics, University of Wisconsin Press, vol. 69(1), pages 98-107.
    5. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (I): The Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number fuss1978.
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    Citations

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    Cited by:

    1. Joshua K. Abbott & Alan C. Haynie & Matthew N. Reimer, 2015. "Hidden Flexibility: Institutions, Incentives, and the Margins of Selectivity in Fishing," Land Economics, University of Wisconsin Press, vol. 91(1), pages 169-195.
    2. Squires, Dale, 2016. "Firm behavior under quantity controls: The theory of virtual quantities," Journal of Environmental Economics and Management, Elsevier, vol. 79(C), pages 70-86.
    3. Quérou, N. & Tomini, A., 2013. "Managing interacting species in unassessed fisheries," Ecological Economics, Elsevier, vol. 93(C), pages 192-201.
    4. Sean Pascoe & Simon Vieira & Catherine M. Dichmont & André E. Punt, 2011. "Optimal vessel size and output in the Australian northern prawn fishery: a restricted profit function approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(1), pages 107-125, January.
    5. Barbara Hutniczak, 2014. "Increasing Pressure on Unregulated Species Due to Changes in Individual Vessel Quotas: An Empirical Application to Trawler Fishing in the Baltic Sea," Marine Resource Economics, University of Chicago Press, vol. 29(3), pages 201-217.
    6. 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 07/2014, Oslo University, Department of Economics.
    7. Staffan Waldo & Frank Jensen & Max Nielsen & Hans Ellefsen & Jónas Hallgrimsson & Cecilia Hammarlund & Øystein Hermansen & John Isaksen, 2016. "Regulating Multiple Externalities: The Case of Nordic Fisheries," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 233-257.
    8. Frank Asche, 2009. "Adjustment Cost and Supply Response in a Fishery: A Dynamic Revenue Function," Land Economics, University of Wisconsin Press, vol. 85(1), pages 201-215.
    9. Hing Ling Chan & Minling Pan, 2016. "Spillover Effects of Environmental Regulation for Sea Turtle Protection in the Hawaii Longline Swordfish Fishery," Marine Resource Economics, University of Chicago Press, vol. 31(3), pages 259-279.
    10. Nicolas Quérou & Agnès Tomini, 2015. "Marine ecosystem considerations and second-best management," Working Papers 15-05, LAMETA, Universtiy of Montpellier, revised Mar 2015.
    11. Nicolas Querou & Agnès Tomini, 2014. "Ecosystem considerations in a second-best world," Post-Print hal-01123390, HAL.
    12. Lars Gårn Hansen & Carsten Lynge Jensen, 2014. "Jointness through vessel capacity input in a multispecies fishery," Agricultural Economics, International Association of Agricultural Economists, vol. 45(6), pages 745-756, November.
    13. Ussif Rashid Sumaila & Gordon R. Munro & Jon G. Sutinen, 2007. "Recent Developments in Fisheries Economics: An Introduction," Land Economics, University of Wisconsin Press, vol. 83(1), pages 1-5.

    More about this item

    JEL classification:

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

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