annotated bibliography of fisheries economics literature - Office of ...

This paper outlines some of the conservation benefits that individual
transferable quota (ITQ) management of the wreckfish fishery has created.
Herein it si argued that ITQs are primarily designed to address the economic
shortcomings of open access but that conservation benefits can result form the
vesting aspects and economic rationalization of an ITQ. Preliminary evidence
form the wreckfish case suggests that fishermen have embraced the long-term
conservation of the wreckfish stock and habitat where wreckfish are found
because it is clearly in their best economic interest to do so. Optimism must
remain guarded at this point because results are preliminary, wreckfish is a
rather different fishery, and the wreckfish ITQ has apparently shifted fishing
effort to other fisheries still managed by open access, hereby potentially
aggravating problems in those fisheries. These caveats acknowledged, early
success with the wreckfish ITQ argues for expansion of the effort to put other
fisheries under ITQs and underlines the importance of developing a
comprehensive policy to evaluate and implement ITQ management for other
fisheries in the United States.
Gauvin, John R., John M. Ward, and Edward E. Burgess (1993). "A
Description and Preliminary Evaluation of the Wreckfish (Polyprion
Americanus) Fishery Under Individual Transferable Quotas." Draft
report, National Marine Fisheries Service, Southeast Regional
Office, St. Petersburg, FL.
The individual transferable quota (ITQ) system for wreckfish in the
south Atlantic will be an important test of the practical merits of individual
quota management for finfish fisheries in the United States. This paper
describes the wreckfish ITQ program in detail and discusses difficulties
encountered in its development. Beyond providing information on the practical
constraints of setting up ITQs to managers contemplating ITQs for other
fisheries, another goal is to evaluate the degree to which the wreckfish ITQ
program is accomplishing its resource conservation, economic, and conflict
reduction objectives. Analysis of data and experiences over the one and onehalf
year period during which the wreckfish ITQ has been in place are
provided. Linked to the discussion of accomplishing objectives is an
evaluation of the degree that consolidation has taken place and the tradeoff
between efficiency goals and concerns over monopoly power.
Gauvin, John R., John M. Ward, and Edward E. Burgess (1994).
"Description and Evaluation of the Wreckfish (Polyprion
Americanus) Fishery Under Individual Transferable Quotas." Marine
Resource Economics, 9(2):99-118.
The individual transferable quota (ITQ) system for wreckfish in the
south Atlantic will be an important test of the practical merits of individual
quota management for finfish fisheries in the United States. This paper
describes the wreckfish ITQ program in detail and discusses difficulties
encountered in its development. Beyond providing information on the practical
constraints of setting up ITQs to managers contemplating ITQs for other
fisheries, another goal is to evaluate the degree to which the wreckfish ITQ
program is accomplishing its resource conservation, economic, and conflict
reduction objectives. Analysis of data and experiences over the one and onehalf
year period during which the wreckfish ITQ has been in place are
provided. Linked to the discussion of accomplishing objectives is an
evaluation of the degree that consolidation has taken place and the tradeoff
between efficiency goals and concerns over monopoly power.
Gay, Joel (1995). Naming Names, NMFS Lists Bycatch Rate, boat by Boat. In
Brad Warren, Win-Win Bycatch Solutions. National Fisheries Conservation
Center, Seattle WA.
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