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The Promise of Transferable Fishing Concessions on EU Fisheries

Author

Listed:
  • Zafer Kanik

    () (Department of Economics, Boston College)

  • Serkan Kucuksenel

    () (Department of Economics, METU)

Abstract

Two of the primary issues of the next Common Fisheries Policy (CFP) reform are maximum sustainable yield (MSY) and transferable fishing concessions (TFCs). The European Commission agreed on implementing TFCs under some major principles including reserving a part of total quotas for small-scale fishermen in order to prevent the reduction in the fish catching sector employment. Besides, the European Commission set the goal of achieving MSY for all European fisheries by 2015. The interrelation between these two objectives should be well understood. In this study, the impact of fishing on total biomass is analyzed under an age-structured model, and the potential effects of TFCs on the achievement process of MSY harvesting conditions are explained. It is shown that the implementation of TFCs, under the major principles defined by the European Commission, has an impact on both the total biomass growth and the time path to reach the goal of MSY. The paper concludes that initial allocation of quotas does matter since reserving quotas for small-scale fishermen reduces the time needed to achieve MSY.

Suggested Citation

  • Zafer Kanik & Serkan Kucuksenel, 2013. "The Promise of Transferable Fishing Concessions on EU Fisheries," ERC Working Papers 1312, ERC - Economic Research Center, Middle East Technical University, revised Dec 2013.
  • Handle: RePEc:met:wpaper:1312
    as

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    File URL: http://www.erc.metu.edu.tr/menu/series13/1312.pdf
    File Function: First version, 2013
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    References listed on IDEAS

    as
    1. 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.
    2. Zafer Kanik & Serkan Kucuksenel, 2013. "Implementation of the Maximum Sustainable Yield under an Age-Structured Model," ERC Working Papers 1303, ERC - Economic Research Center, Middle East Technical University, revised Mar 2013.
    3. John Stranlund & Carlos Chávez, 2013. "Who should bear the administrative costs of an emissions tax?," Journal of Regulatory Economics, Springer, vol. 44(1), pages 53-79, August.
    4. Tanaka, Kenta & Higashida, Keisaku & Managi, Shunsuke, 2014. "A laboratory assessment of the choice of vessel size under individual transferable quota regimes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 0(Issue 3), July.
    5. Da Rocha, José-María & Cerviño, Santiago & Villasante, Sebastian, 2012. "The Common Fisheries Policy: An enforcement problem," Marine Policy, Elsevier, vol. 36(6), pages 1309-1314.
    6. Anderson, Lee G., 1991. "A note on market power in ITQ fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 21(3), pages 291-296, November.
    7. Lynham, John, 2014. "How have catch shares been allocated?," Marine Policy, Elsevier, vol. 44(C), pages 42-48.
    8. Grafton, R.Q. & McIlgorm, A., 2009. "Ex ante evaluation of the costs and benefits of individual transferable quotas: A case-study of seven Australian commonwealth fisheries," Marine Policy, Elsevier, vol. 33(4), pages 714-719, July.
    9. Anders Skonhoft & Niels Vestergaard & Martin Quaas, 2012. "Optimal Harvest in an Age Structured Model with Different Fishing Selectivity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(4), pages 525-544, April.
    10. R. Quentin Grafton & Ragnar Arnason & Trond Bjorndal & David Campbell & Harry F. Campbell & Colin W. Clark & Robin Connor & Diane P. Dupont & Rognvaldur Hannesson & Ray Hilborn & James E. Kirkley & To, 2005. "Incentive-based approaches to sustainable fisheries," Economics and Environment Network Working Papers 0508, Australian National University, Economics and Environment Network.
    11. Anthony Cox, 2009. "Quota Allocation in International Fisheries," OECD Food, Agriculture and Fisheries Papers 22, OECD Publishing.
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    More about this item

    Keywords

    Transferable fishing concessions; Maximum sustainable yield; Small-scale fishermen; Individual transferable quotas; Age-structured model.;

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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