Individual transferable quotas: theory and practice

The paper examines the theory and practice of individual transferable quotas (ITQs) in fisheries. Using the experience of several countries, a number of ITQ programmes are examined with respect to fisher compliance and their effect upon economic efficiency, employment, the harvesting shares of fishe...

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Bibliographic Details
Published in:Reviews in fish biology and fisheries 1996-03, Vol.6 (1), p.5-20
Main Author: Grafton, R. Quentin
Format: Article
Language:English
Subjects:
Brackish
Freshwater
Marine
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Summary:The paper examines the theory and practice of individual transferable quotas (ITQs) in fisheries. Using the experience of several countries, a number of ITQ programmes are examined with respect to fisher compliance and their effect upon economic efficiency, employment, the harvesting shares of fishers, cost recovery and rent capture.
ISSN:0960-3166
1573-5184
DOI:10.1007/BF00058517