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Micro-economic drivers of profitability in an ITQ-managed fishery: An analysis of the Queensland Coral Reef Fin-Fish Fishery

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  • Thébaud, Olivier
  • Innes, James
  • Norman-López, Ana
  • Slade, Stephanie
  • Cameron, Darren
  • Cannard, Toni
  • Tickell, Sharon
  • Kung, John
  • Kerrigan, Brigid
  • Williams, Lew
  • Richard Little, L.

Abstract

An economic survey of the commercial operators currently active in the Queensland Coral Reef Fin-Fish Fishery has been carried out, as part of a research project aimed at evaluating alternative management options for this fishery. This paper presents the background analysis used as a basis to develop the sampling design for this survey. The background analysis focuses on activity patterns of the fleet based on effort and catch information, as well as patterns of quota ownership. Based on this information, a fishing business profile describing the micro-economic structure of fishing operations is developed. This profile, in conjunction with the qualitative information gained in undertaking the economic surveys, allows preliminary understanding of the key drivers of profitability in the CRFFF, and possible impacts of external factors on fishing operations.

Suggested Citation

  • Thébaud, Olivier & Innes, James & Norman-López, Ana & Slade, Stephanie & Cameron, Darren & Cannard, Toni & Tickell, Sharon & Kung, John & Kerrigan, Brigid & Williams, Lew & Richard Little, L., 2014. "Micro-economic drivers of profitability in an ITQ-managed fishery: An analysis of the Queensland Coral Reef Fin-Fish Fishery," Marine Policy, Elsevier, vol. 43(C), pages 200-207.
    • Handle: RePEc:eee:marpol:v:43:y:2014:i:c:p:200-207
    DOI: 10.1016/j.marpol.2013.06.001
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    1. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    2. van Putten, Ingrid & Gardner, Caleb, 2010. "Lease quota fishing in a changing rock lobster industry," Marine Policy, Elsevier, vol. 34(5), pages 859-867, September.
    3. Sylvie van Iseghem & Emmanuelle Quillérou & Cécile Brigaudeau & Claire Macher & Olivier Guyader & Fabienne Daurès, 2011. "Ensuring representative economic data: survey data-collection methods in France for implementing the Common Fisheries Policy," Post-Print hal-00617842, HAL.
    4. Little, L. Richard & Punt, André E. & Mapstone, Bruce D. & Begg, Gavin A. & Goldman, Barry & Williams, Ashley J., 2009. "An agent-based model for simulating trading of multi-species fisheries quota," Ecological Modelling, Elsevier, vol. 220(23), pages 3404-3412.
    5. Little, L.R. & Punt, A.E. & Mapstone, B.D. & Pantus, F. & Smith, A.D.M. & Davies, C.R. & McDonald, A.D., 2007. "ELFSim—A model for evaluating management options for spatially structured reef fish populations: An illustration of the “larval subsidy” effect," Ecological Modelling, Elsevier, vol. 205(3), pages 381-396.
    6. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
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    Cited by:

    1. Pascoe, Sean & Hutton, Trevor & Hoshino, Eriko & Sporci, Miriana & Yamasaki, Satoshi & Kompas, Tom, 2020. "Effectiveness of harvest strategies in achieving multiple management objectives in a multispecies fishery," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), July.
    2. Sean Pascoe & Toni Cannard & Natalie A. Dowling & Catherine M. Dichmont & Sian Breen & Tom Roberts & Rachel J. Pears & George M. Leigh, 2019. "Developing Harvest Strategies to Achieve Ecological, Economic and Social Sustainability in Multi-Sector Fisheries," Sustainability, MDPI, vol. 11(3), pages 1-21, January.
    3. Dowling, Natalie A. & Dichmont, Catherine M. & Leigh, George M. & Pascoe, Sean & Pears, Rachel J. & Roberts, Tom & Breen, Sian & Cannard, Toni & Mamula, Aaron & Mangel, Marc, 2020. "Optimising harvest strategies over multiple objectives and stakeholder preferences," Ecological Modelling, Elsevier, vol. 435(C).
    4. Innes, James & Thébaud, Olivier & Norman-López, Ana & Richard Little, L. & Kung, John, 2014. "Evidence of package trading in a mature multi-species ITQ market," Marine Policy, Elsevier, vol. 46(C), pages 68-71.

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