IDEAS home Printed from https://ideas.repec.org/a/eee/marpol/v55y2015icp1-10.html
   My bibliography  Save this article

Catch-quota balancing mechanisms in the Icelandic multi-species demersal fishery: Are all species equal?

Author

Listed:
  • Woods, Pamela J.
  • Bouchard, Caroline
  • Holland, Daniel S.
  • Punt, André E.
  • Marteinsdóttir, Guðrun

Abstract

In this study, utilization of catch-quota balancing mechanisms in the Icelandic demersal fishery, which allow for individual transferable quota to be transformed among species and transferred between years, is analyzed to determine whether annual catches closely adhere to total allowable catches on average. Icelandic landings data for 14 demersal fish species during 2001–2013 are compared to implemented total allowable catches as well as catch limits recommended by the Marine Research Institute (MRI) and a proxy for annual market values. Landings surpassed legal limits of total allowable catch in 27% of the cases (landings by species by fishing year), mostly due to species transformations, but TAC overages were not consistent for any species. Instead, catches of some species were consistently less than legal limits, with some indications that landings were related to profitability (i.e. landings were correlated with market value). However, landings surpassed MRI recommendations in 67% of the cases, and landings of four species (Atlantic wolffish, haddock, monkfish and redfish) consistently exceeded MRI recommendations. Therefore, discrepancies between scientific recommendations for catch limits and quotas selected through the political process may represent a higher risk to long-term sustainability than catch-quota balancing mechanisms.

Suggested Citation

  • Woods, Pamela J. & Bouchard, Caroline & Holland, Daniel S. & Punt, André E. & Marteinsdóttir, Guðrun, 2015. "Catch-quota balancing mechanisms in the Icelandic multi-species demersal fishery: Are all species equal?," Marine Policy, Elsevier, vol. 55(C), pages 1-10.
    • Handle: RePEc:eee:marpol:v:55:y:2015:i:c:p:1-10
    DOI: 10.1016/j.marpol.2015.01.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308597X15000068
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.marpol.2015.01.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Daw, Tim & Gray, Tim, 2005. "Fisheries science and sustainability in international policy: a study of failure in the European Union's Common Fisheries Policy," Marine Policy, Elsevier, vol. 29(3), pages 189-197, May.
    2. Sanchirico, James N. & Smith, Martin D. & Lipton, Douglas W., 2008. "An empirical approach to ecosystem-based fishery management," Ecological Economics, Elsevier, vol. 64(3), pages 586-596, January.
    3. Sanchirico, James N. & Holland, Daniel & Quigley, Kathryn & Fina, Mark, 2006. "Catch-quota balancing in multispecies individual fishing quotas," Marine Policy, Elsevier, vol. 30(6), pages 767-785, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Singh, Rajesh & Weninger, Quinn, 2023. "Discretion rather than rules in multiple-species fisheries," ISU General Staff Papers 202311071438390000, Iowa State University, Department of Economics.
    2. Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutierrez, Maria Jose & Touze, Julia, 2016. "A note on CES Preferences in Age-Structured Models," MPRA Paper 75298, University Library of Munich, Germany.
    3. Singh, Rajesh & Weninger, Quinn, 2017. "Quota flexibility in multi-species fisheries," ISU General Staff Papers 201707260700001026, Iowa State University, Department of Economics.
    4. Singh, Rajesh & Weninger, Quinn, 2017. "Quota flexibility in multi-species fisheries," ISU General Staff Papers 201707080700001026, Iowa State University, Department of Economics.
    5. Singh, Rajesh & Weninger, Quinn, 2024. "Discretion rather than rules in multiple-species fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Surís-Regueiro, Juan C. & Santiago, Jose L., 2018. "Assessment of Socioeconomic Impacts Through Physical Multipliers: The Case of Fishing Activity in Galicia (Spain)," Ecological Economics, Elsevier, vol. 147(C), pages 276-297.
    2. Espinoza-Tenorio, Alejandro & Espejel, Ileana & Wolff, Matthias, 2015. "From adoption to implementation? An academic perspective on Sustainable Fisheries Management in a developing country," Marine Policy, Elsevier, vol. 62(C), pages 252-260.
    3. Violaine Tarizzo & Eric Tromeur & Olivier Thébaud & Richard Little & Sarah Jennings & Luc Doyen, 2018. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Cahiers du GREThA (2007-2019) 2018-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    4. Dana Miller & Stefano Mariani, 2013. "Irish fish, Irish people: roles and responsibilities for an emptying ocean," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 15(2), pages 529-546, April.
    5. Asproudis, Elias & Filippiadis, Eleftherios, 2021. "Bargaining for Community Fishing Quotas," MPRA Paper 107409, University Library of Munich, Germany.
    6. Roffeis, Martin & Fitches, Elaine C. & Wakefield, Maureen E. & Almeida, Joana & Alves Valada, Tatiana R. & Devic, Emilie & Koné, N’Golopé & Kenis, Marc & Nacambo, Saidou & Koko, Gabriel K.D. & Mathijs, 2020. "Ex-ante life cycle impact assessment of insect based feed production in West Africa," Agricultural Systems, Elsevier, vol. 178(C).
    7. Nolde Nielsen, Kåre & Holm, Petter & Aschan, Michaela, 2015. "Results based management in fisheries: Delegating responsibility to resource users," Marine Policy, Elsevier, vol. 51(C), pages 442-451.
    8. Call, Isabel L. & Lew, Daniel K., 2015. "Tradable permit programs: What are the lessons for the new Alaska halibut catch sharing plan?," Marine Policy, Elsevier, vol. 52(C), pages 125-137.
    9. Fijnanda van Klingeren & Nan Dirk de Graaf, 2021. "Heterogeneity, trust and common-pool resource management," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 11(1), pages 37-64, March.
    10. L. Doyen & A. A. Cissé & N. Sanz & F. Blanchard & J.-C. Pereau, 2018. "The Tragedy of Open Ecosystems," Dynamic Games and Applications, Springer, vol. 8(1), pages 117-140, March.
    11. van Dijk, Diana & Haijema, Rene & Hendrix, Eligius M.T. & Groeneveld, Rolf A. & van Ierland, Ekko C., 2013. "Fluctuating quota and management costs under multiannual adjustment of fish quota," Ecological Modelling, Elsevier, vol. 265(C), pages 230-238.
    12. Singh, Rajesh & Weninger, Quinn, 2015. "Harvest efficiency and fishery discards under harvest uncertainty and trading restrictions," Journal of Environmental Economics and Management, Elsevier, vol. 70(C), pages 72-91.
    13. Tromeur, Eric & Doyen, Luc & Tarizzo, Violaine & Little, L. Richard & Jennings, Sarah & Thébaud, Olivier, 2021. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Ecological Economics, Elsevier, vol. 190(C).
    14. Reimer, Matthew N. & Haynie, Alan C., 2018. "Mechanisms matter for evaluating the economic impacts of marine reserves," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 427-446.
    15. Singh, Rajesh & Weninger, Quinn, 2012. "Harvesting uncertainty and discards in multiple-species fisheries," Staff General Research Papers Archive 35428, Iowa State University, Department of Economics.
    16. Singh, Rajesh & Weninger, Quinn, 2017. "Quota flexibility in multi-species fisheries," ISU General Staff Papers 201707260700001026, Iowa State University, Department of Economics.
    17. Mulazzani, Luca & Malorgio, Giulio, 2014. "The external and commercial dimensions of the EU fisheries policy: An institutional approach applied to the whitefish case," Marine Policy, Elsevier, vol. 46(C), pages 123-131.
    18. Aaron Hatcher, 2022. "A Model of Quota Prices in a Multispecies Fishery with “Choke” Species and Discarding," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(4), pages 825-846, August.
    19. Cuilleret, Mathieu & Doyen, Luc & Gomes, Hélène & Blanchard, Fabian, 2022. "Resilience management for coastal fisheries facing with global changes and uncertainties," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 634-656.
    20. Jules Selles, 2018. "Fisheries management: what uncertainties matter?," Working Papers hal-01824238, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:marpol:v:55:y:2015:i:c:p:1-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/marpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.