This paper provides a brief description of the evolution and current structure of the individual quota system (IQ) in the Icelandic fisheries. This particular fisheries managerial system was introduced at different times in different fisheries — in the herring fisheries in 1976, in the capelin...

In this paper efficiency gains and associated cost reductions from increases in traded quota are estimated with a stochastic cost frontier for the Australian South East Trawl Fishery (SETF). Estimation of this frontier also provides key information on the relative importance of input costs in...

Individual Transferable Quota (ITQ) management systems are typically introduced to promote better capital utilisation by the fishing fleet and other efficiency gains. ITQ management was introduced in the Tasmanian rock lobster industry in 1998 and led to a range of economic, social and cultural...

The economic value of the Tasmanian rock lobster fishery contributes significantly to the States regional economy. The fishery has recreational and commercial components, the latter generating an estimated $184.5 million p.a. ($65 million directly from landed value) and 1350 full-time-equivalent...

The capacity for the Tasmanian southern rock lobster fishery to support the annual har-vest is a function of both growth of the legal sized stock and also recruitment of new lobsters into the stock. Decline in productivity from both of these processes has result-ed in a decline of the...

This assessment of the Tasmanian giant crab fishery covers the period from 1st March 2007 to 29th February 2008, and provides forecasts of the likely response of the fishery to the total allowable commercial catch (TACC) set at a range of values.Total catch reported in logbooks for the 2007/08...

Individual transferable quotas (ITQs) have been used in several countries worldwide to regulate access to marine fisheries. While ITQs can improve the economic efficiency of fisheries, in practice they are not a panacea and distribution and equity issues have been raised in many cases. To...

The Tasmanian rock lobster industry has been managed by Individually Transferable Quotas (ITQs) and several input control measures since 1998. In this study, nine years of rock lobster fishing business data were used to categorise the catch and quota ownership traits and examine the response to...

Under the rubric of sustainable fisheries, nations are mandated to rebuild overfished stocks. Although rebuilding strategies are almost universally directed by the available biological information, approaches vary depending on fishery laws, management objectives, and technical guidelines. For...

For fish stocks where the unit price of harvest is constant and unit harvest costs are independent of quantity and non-increasing in biomass, regulation based on target escapement (TE) has been shown to optimise the net present value (NPV) of harvest to society. This result has also been shown...