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ITQ Systems in Multifleet Fisheries

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  • M. Garza-Gil

Abstract

Optimum management of a particular fishery is analyzed based on an ITQ system. For this purpose, a multifleet deterministic bioeconomic model is developed and applied. Using data on the fishery studied here, estimates are made of the stock dynamics of fish and the technology used by the fleets operating in said fishery. Optimum levels of stock, effort and catch are determined. Finally, we present economic policy recommendations for this fishery and considerations for applying regulatory measures. Copyright Kluwer Academic Publishers 1998

Suggested Citation

  • M. Garza-Gil, 1998. "ITQ Systems in Multifleet Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(1), pages 79-92, January.
    • Handle: RePEc:kap:enreec:v:11:y:1998:i:1:p:79-92
    DOI: 10.1023/A:1008297328943
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    References listed on IDEAS

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    1. Christensen, Laurits R & Jorgenson, Dale W & Lau, Lawrence J, 1973. "Transcendental Logarithmic Production Frontiers," The Review of Economics and Statistics, MIT Press, vol. 55(1), pages 28-45, February.
    2. Stevenson,Glenn G., 1991. "Common Property Economics," Cambridge Books, Cambridge University Press, number 9780521384414.
    3. Trond Bjørndal & Jon M. Conrad & Kjell G. Salvanes, 1993. "Stock Size, Harvesting Costs, and the Potential for Extinction: The Case of Sealing," Land Economics, University of Wisconsin Press, vol. 69(2), pages 156-167.
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    Cited by:

    1. José-María Da-Rocha & Jaume Sempere, 2017. "ITQs, Firm Dynamics and Wealth Distribution: Does Full Tradability Increase Inequality?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 249-273, October.
    2. Marta Escapa & RaÚl Prellezo, 2003. "Fishing Technology and Optimal Distribution of Harvest Rates," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 377-394, July.
    3. Olivier Guyader, 2002. "Simulating the Effect of Regulatory Systems in a Fishery, An Application to the French Driftnet Albacore Fleet," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(1), pages 1-28, September.
    4. Diop, Bassirou & Sanz, Nicolas & Duplan, Yves Jamont Junior & Guene, El Hadji Mama & Blanchard, Fabian & Pereau, Jean-Christophe & Doyen, Luc, 2018. "Maximum Economic Yield Fishery Management in the Face of Global Warming," Ecological Economics, Elsevier, vol. 154(C), pages 52-61.
    5. Mª. Dolores Garza Gil & Manuel M. Varela Lafuente & Juan C. Surís Regueiro, 2006. "Management of a fishery using taxes: The European hake fishery," Hacienda Pública Española / Review of Public Economics, IEF, vol. 177(2), pages 9-23, July.
    6. Diop, Bassirou & Blanchard, Fabian & Sanz, Nicolas, 2018. "Mangrove increases resiliency of the French Guiana shrimp fishery facing global warming," Ecological Modelling, Elsevier, vol. 387(C), pages 27-37.
    7. José-María Da-Rocha & María-José Gutiérrez, 2006. "The optimality of the Common Fisheries Policy: the Northern Stock of Hake," Spanish Economic Review, Springer;Spanish Economic Association, vol. 8(1), pages 1-21, March.
    8. Pedro Pintassilgo, 2000. "The new member problem in the cooperative management of the Northern Atlantic Bluefin Tuna," Nova SBE Working Paper Series wp373, Universidade Nova de Lisboa, Nova School of Business and Economics.
    9. Akpalu, Wisdom, 2010. "A Dynamic Model of Mesh Size Regulatory Compliance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 35(1), pages 1-17.
    10. Gutiérrez Huerta, María José & Da Rocha, José María, 2003. "The Evaluation of Fisheries Management: A Dynamic Stochastic Approach," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    11. Ikerne del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2001. "Is the Current Regulation of the VIII Division European Anchovy Optimal?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(1), pages 53-72, May.

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