A retrospective analysis of the effects of adopting individual transferable quotas in the Tasmanian red rock lobster, Jasus edwardsii, fishery

Katell Hamon (), Olivier Thébaud (), Stewart Frusher () and L. Richard Little ()
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Katell Hamon: AMURE - Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UBO - Université de Brest - IUEM - Institut Universitaire Européen de la Mer - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - UBO - Université de Brest - CNRS - Centre National de la Recherche Scientifique - CNRS - Centre National de la Recherche Scientifique, CSIRO Marine and Atmosphere Research [Hobart] - CSIRO - Commonwealth Scientific and Industrial Research Organisation [Australia], UTAS - University of Tasmania [Hobart]
Olivier Thébaud: AMURE - Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UBO - Université de Brest - IUEM - Institut Universitaire Européen de la Mer - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - UBO - Université de Brest - CNRS - Centre National de la Recherche Scientifique - CNRS - Centre National de la Recherche Scientifique, EM - Unité d'Economie Maritime - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer
L. Richard Little: CSIRO Marine and Atmosphere Research [Hobart] - CSIRO - Commonwealth Scientific and Industrial Research Organisation [Australia], Crawford School of Economics and Government - ANU - Australian National University

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Abstract: Individual transferable quotas (ITQ) were implemented in the Tasmanian red rock lobster fishery in 1998 and ten years later we assessed the impacts on the fishery. Particular attention was devoted to investigating the performances of the fishery with regard to three features identified as major impacts in the literature: rationalization of the fishing fleet, change in fishing strategy in order to maximise the fisher's profit and concentration of fishing rights and activity. On average, the fishery reacted as expected and reached its objective in terms of reconstruction of the biomass, but the overall assessment in terms of resulting profitability is not very conclusive. There is no evidence of decrease of the profitability over the period of the study but the fishery is more reactive to external factors on its export market in China than to changes in its own structure.

Keywords: ITQ; Economic effects; Red rock lobster fishery; Jasus edwardsii; Australia (search for similar items in EconPapers)
Date: 2009-10-10
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Citations: View citations in EconPapers (3)

Published in Aquatic Living Resources, 2009, 22 (4), pp.549-558. ⟨10.1051/alr/2009039⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00511501

DOI: 10.1051/alr/2009039

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