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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
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    File URL: http://erc.metu.edu.tr/en/system/files/menu/series13/1312.pdf
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    References listed on IDEAS

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    Cited by:

    1. Burcu Ozgun & Ozgen Ozturk & Serkan Kucuksenel, 2019. "Optimal Harvesting of a Prey-Predator Fishery: An Overlapping Generations Analysis," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 33(2), pages 1-21.
    2. 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.

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    More about this item

    Keywords

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

    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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