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The Promise of Transferable Fishing Concessions on EU Fisheries

Zafer Kanik () and Serkan Küçükşenel ()
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Zafer Kanik: Department of Economics, Boston College

No 1312, ERC Working Papers from ERC - Economic Research Center, Middle East Technical University

Abstract: Two of the primary issues of the next Common Fisheries Policy (CFP) reform are maximum sustainable yield (MSY) and transferable fishing concessions (TFCs). The European Commission agreed on implementing TFCs under some major principles including reserving a part of total quotas for small-scale fishermen in order to prevent the reduction in the fish catching sector employment. Besides, the European Commission set the goal of achieving MSY for all European fisheries by 2015. The interrelation between these two objectives should be well understood. In this study, the impact of fishing on total biomass is analyzed under an age-structured model, and the potential effects of TFCs on the achievement process of MSY harvesting conditions are explained. It is shown that the implementation of TFCs, under the major principles defined by the European Commission, has an impact on both the total biomass growth and the time path to reach the goal of MSY. The paper concludes that initial allocation of quotas does matter since reserving quotas for small-scale fishermen reduces the time needed to achieve MSY.

Keywords: Transferable fishing concessions; Maximum sustainable yield, Small-scale fishermen, Individual transferable quotas, Age-structured model. (search for similar items in EconPapers)
JEL-codes: D02 D04 D47 D78 Q22 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2013-12, Revised 2013-12
New Economics Papers: this item is included in nep-agr
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http://erc.metu.edu.tr/en/system/files/menu/series13/1312.pdf First version, 2013 (application/pdf)

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