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

This paper reviews the workings and expected benefits of ITQs, the
origin and concept of ITQs, the problems they were designed to address, worldwide
experience and literature on ITQs, and the problems and prospects for ITQ
management. Particular attention will be given to the growing importance of
markets as the primary organizing principle for many fisheries, including the
roles of ITQs and increased global integration of fisheries markets.
Squires, Dale, Steven Freese, James Herkelrath, and Samuel F. Herrick,
Jr. (1997). "Cost-Benefit Analysis of Pacific Whiting
Allocation." Administrative Report LJ-97-05, National Marine
Fisheries Service, Southwest Fisheries Science Center, P.O. Box
271, La Jolla, California, April.
Cost-benefit analysis evaluated three alternatives to measure the net
economic benefits to the nation of allocating Pacific whiting among three user
groups. These groups were the offshore catcher-processors, catcher vessels
delivering to motherships, and to catcher vessels delivering to onshore
producers of surimi, headed and gutted, and fillets. Net economic benefits
were measured as the present value of producer surplus and were evaluated over
a twenty year time horizon starting in 1997. For the first time in fishery
economics, an attempt was made to include fixed costs. However, data on fixed
costs proved inadequate for a detailed analysis, and the analysis confined
itself to net benefits measured using total revenues and variable (operating)
economic costs.
Squires, Dale, Harry Campbell, Stephen Cunningham, Christopher Dewees, R.
Quentin Grafton, Samuel F. Herrick, Jr., James Kirkley, Sean Pascoe,
Kjell Salvanes, Bruce Shallard, Bruce Turris, and Niels Vestergaard
(1998). Individual Transferable Quotas in Multispecies Fisheries.
Marine Policy, 22(2):135-159.
This paper examines the multispecies harvesting technology; addresses
discards, highgrading, and overages under ITQs and lists the possible
solutions to the problems; details possible impacts of ITQs on other
fisheries; discusses the effects of ITQs on the harvesting flexibility of
fishers; examines how the prices of ITQ shares are formed in multispecies
fisheries and the effect of the harvesting technology and transaction costs on
quota share prices; evaluates how ITQs may affect economic efficiency and
over-capitalization; describes the nature of the resource rents that may arise
with ITQs; reviews problems with monitoring and enforcement; present options
for setting ITQs; and provides concluding remarks.
Staniford, Andrew (1988). "The Effects of the Pot Reduction in the
South Australian Southern Zone Rock Lobster Fishery." Marine
Resource Economics, 4:271-288.
Previous research has shown that the South Australian Southern Zone rock
lobster fishery is economically overexploited, implying that a reduction in
fishing effort will improve economic efficiency in the fishery. A scheme,
consisting of a mandatory pot reduction of 15% and the replacement of the
pot/vessel allocation formula with minimum and maximum pot entitlements of 25
and 80, respectively, was introduced in the fishery in September 1984 for this
purpose. Analyses of the effect of the scheme on fishing effort and the
number of fishermen and some observations on the response of fishermen to the
scheme are provided. While the pot reduction has had a small effect on
fishing effort, it has failed to induce significant rationalization within the
fishery. Remaining fishermen have responded by working a smaller number of
pots more intensively than they had prior to the introduction of the scheme.
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