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Changing the Total Allowable Catch (TAC) Decision-Making Framework: A Central Bank of Fishes?

  • Kepa Astorkiza

    ()

    (Department of Applied Economics V, University of the Basque Country, Bilbao, Spain)

  • Ikerne del Valle

    ()

    (Department of Applied Economics V, University of the Basque Country, Bilbao, Spain)

Registered author(s):

    The difficulties that the current model of TAC regulation generates in the current system of EU fisheries are analysed. Although the production structure of the TAC has been set up in collaboration with ICES, the determination process lacks short-term contributions from the field of biology. Once these inputs undergo the decision process of the EU, the resulting TACs are significantly biased in relation to the initial recommendations. To solve this problem, a different institutional model with the addition of a Central Bank-like of Fishes is proposed.

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    File URL: http://www.panoeconomicus.rs/casopis/2013_3/09%20Kepa%20Astorkiza%20and%20Ikerne%20del%20Valle.pdf
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    Article provided by Savez ekonomista Vojvodine, Novi Sad, Serbia in its journal Panoeconomicus.

    Volume (Year): 60 (2013)
    Issue (Month): 3 (May)
    Pages: 415-431

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    Handle: RePEc:voj:journl:v:60:y:2013:i:3:p:415-431
    Contact details of provider: Web page: http://www.panoeconomicus.rs/

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    7. González Laxe, Fernando, 2010. "Dysfunctions in common fishing regulations," Marine Policy, Elsevier, vol. 34(1), pages 182-188, January.
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    10. Ikerne Del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2003. "Fishing effort validation and substitution possibilities among components: the case study of the VIII division European anchovy fishery," Applied Economics, Taylor & Francis Journals, vol. 35(1), pages 63-77.
    11. Charbel Cordahi & Jean-François Goux, 2007. "The international transmission of monetary shocks in a dollarized economy: The case of USA and Lebanon," Working Papers 0715, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
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