New Zealand's Quota Management System: A History of the First 20 Years

Kelly Lock () and Stefan Leslie ()
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Kelly Lock: Motu Economic and Public Policy Research
Stefan Leslie: New Zealand Ministry of Fisheries

No 07_02, Working Papers from Motu Economic and Public Policy Research

Abstract: New Zealand is a world leader in the use of Individual Transferable Quota (ITQ) to manage fisheries. Although the use of an ITQ system is not unique to New Zealand, no other country has used this system to the same extent as New Zealand. This has meant that, internationally, a lot of interest has been placed on how our system works and the level of success it has achieved. Generally, the New Zealand system is considered to be a success story, yet the system has changed a number of times since its inception in 1986. Despite the level of interest in New Zealand's unique ITQ system, the current literature is unable to provide a complete account of the historic and current regulations surrounding it. This paper addresses this gap by documenting how the Quota Management System (QMS) functions and the changes it has undergone since its introduction. Reviewing these changes facilitates a deeper understanding of the system itself, as well as providing insight into its potential limitations.

Keywords: Quota management system; individual transferable quota; fisheries; management; New Zealand (search for similar items in EconPapers)
JEL-codes: Q22 Q28 (search for similar items in EconPapers)
Pages: 83 pages
Date: 2007-04
New Economics Papers: this item is included in nep-env and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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