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Ex ante evaluation of the costs and benefits of individual transferable quotas: A case-study of seven Australian commonwealth fisheries

Author

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  • Grafton, R.Q.
  • McIlgorm, A.

Abstract

Individual transferable quotas (ITQs) have been introduced in a number of different countries, including Australia. Using seven Australian commonwealth fisheries the paper undertakes an ex ante cost-benefit analysis whether to introduce ITQs into these fisheries. The analysis uses five cost-benefit criteria, and in particular the gross value of production (GVP), to evaluate whether ITQs should be introduced or not. For fisheries where the net benefits do not currently justify ITQs, a pathway is provided to improve management outcomes with the use of individual transferable efforts units (ITEs).

Suggested Citation

  • 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.
    • Handle: RePEc:eee:marpol:v:33:y:2009:i:4:p:714-719
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    Citations

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    Cited by:

    1. 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.
    2. Quevedo Cascante, Mónica & Acosta García, Nicolás & Fold, Niels, 2022. "The role of external forces in the adoption of aquaculture innovations: An ex-ante case study of fish farming in Colombia's southern Amazonian region," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    3. Bertolotti, María Isabel & Rotta, Lautaro Daniel & Baltar, Fabiola & Gualdoni, Patricia & Pagani, Andrea N., 2015. "Cuotas Individuales Transferibles de Captura en Argentina: política y desempeño," Nülan. Deposited Documents 3113, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    4. Patrick Bigger, 2018. "Hybridity, possibility: Degrees of marketization in tradeable permit systems," Environment and Planning A, , vol. 50(3), pages 512-530, May.
    5. Kanik, Zafer & Kucuksenel, Serkan, 2014. "Transferable Fishing Concessions and EU Fisheries," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 183092, European Association of Agricultural Economists.

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