Evidence of package trading in a mature multi-species ITQ market

Type Article
Date 2014-05
Language English
Author(s) Innes James1, Thebaud OlivierORCID1, 2, Norman-Lopez Ana1, Little L. Richard3, Kung John4
Affiliation(s) 1 : CSIRO, Marine & Atmospher Res, Wealth Oceans Flagship, Brisbane, Qld 4001, Australia.
2 : Ifremer, AMURE, UMR M101, Unite Econ Maritime, F-29280 Plouzane, France.
3 : CSIRO, Marine & Atmospher Res, Wealth Oceans Flagship, Hobart, Tas 7001, Australia.
4 : QLD Dept Agr Fisheries & Forestry, Brisbane, Qld 4001, Australia.
Source Marine Policy (0308-597X) (Elsevier Sci Ltd), 2014-05 , Vol. 46 , P. 68-71
DOI 10.1016/j.marpol.2013.12.013
WOS© Times Cited 5
Keyword(s) ITQs, Mixed fisheries, Package trading, Joint production, Great Barrier Reef
Abstract In multi-species fisheries managed under ITQs, the existence of joint production may lead to complex catch-quota balancing issues. Previous modelling and experimental research suggest that, in such fisheries, some fishers may benefit from the ability to trade packages of fishing quotas, rather than fulfil their quota needs by simultaneously bidding on separate single-species quota markets. This note presents evidence of naturally occurring package trades in a real fishery. Based on this evidence, we suggest that further empirical and modelling research is required on the potential and limitations of package quota trading in mixed fisheries managed with ITQs.
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