EconPapers    
Economics at your fingertips  
 

Individual Fishing Quotas in Peru: Stopping the Race for Anchovies

Sigbjorn Tveteras (), Carlos Paredes () and Julio Peña ()
Additional contact information
Carlos Paredes: Instituto del Perú, Universidad San Martin de Porres, http://institutodelperu.org.pe/index.php?option=com_content&task=view&id=1475&Itemid=200
Julio Peña: Facultad de Economía y Negocios, Universidad Alberto Hurtado

ILADES-UAH Working Papers from Universidad Alberto Hurtado/School of Economics and Business

Abstract: In January 2009 a new management regime of individual vessel quotas (IVQs) was put in force in the world´s largest fishery, the Peruvian anchovy fishery. Until 2009, the fishery was managed by a regulated open access system with clear symptoms of the race for fish. We argue that the new regime has stopped the race for fish, reduced the number of vessels participating in the fishery and prolonged the fishing season. Furthermore, the IVQs appear to have improved profitability in the fishery and increased value-added production in the Peruvian anchovy value chains. This provides support that other developing countries can reap benefits of such management systems. However, there appears to have been setbacks in 2010 as the number of participating vessels has once again increased. This indicates that the institutions that regulate and monitor the fishery must be further strengthened.

Pages: 11 pages
Date: 2011-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
http://fen.uahurtado.cl/wp-content/uploads/2010/07/I263.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ila:ilades:inv263

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in ILADES-UAH Working Papers from Universidad Alberto Hurtado/School of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Mauricio Tejada ().

 
Page updated 2020-09-19
Handle: RePEc:ila:ilades:inv263