In most multi-species fisheries managed through output controls, total allowable catches (TACs) are set primarily on … resource is reduced. In this paper we show that in the case of multi-species fisheries that exhibit jointness in production … estimation of a multi-output distance function for the UK North Sea beam and otter trawl fisheries, and find that in most cases …

fashion and that the markets are relatively efficient. We do not find major changes in participation in these fisheries as a … result of the system. We find evidence that suggests that the ITQ system is improving the profitability of fisheries in New …