The triple bottom line: Meeting ecological, economic and social goals with individual transferable Quotas

Jean-Christophe Pereau, Luc Doyen (), R. Little and Olivier Thébaud ()
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R. Little: School of Chemical Engineering and Advanced Materials - Newcastle University [Newcastle]
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, CSIRO - Commonwealth Scientific and Industrial Research Organisation [Australia]

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Abstract: This paper deals with the sustainable management of a renewable resource based on individual and transferable quotas (ITQs) when agents differ in terms of harvesting costs or catch capability. In a dynamic bio-economic model, we determine the feasibility conditions under which a fishery manager can achieve sustainability objectives which simultaneously account for stock conservation, economic efficiency and maintenance of fishing activity for the agents along time. We show how the viability of quota management strategies based on ITQ depends on the degree of heterogeneity of users in the fishery, the current status and the dynamics of the stock together with the selection of TAC schedules. In particular for a given stock, we compute the maximin effort for a given set of agents and we derive the maximal number of active agents for a given guaranteed effort. An application to the nephrops fishery in the Bay of Biscay illustrates the results.

Date: 2012
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Published in Journal of Environmental Economics and Management, 2012, 63 (3), pp.419-434. ⟨10.1016/j.jeem.2012.01.001⟩

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Related works:
Journal Article: The triple bottom line: Meeting ecological, economic and social goals with individual transferable quotas (2012)
Working Paper: The triple bottom line: Meeting ecological, economic and social goals with Individual Transferable Quotas (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00745894

DOI: 10.1016/j.jeem.2012.01.001

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