Ex ante evaluation of the costs and benefits of individual transferable quotas: A case-study of seven Australian commonwealth fisheries

Individual transferable quotas (ITQs) have been introduced in a number of different countries, including Australia. Using seven Australian commonwealth fisheries the paper undertakes an ex ante cost–benefit analysis whether to introduce ITQs into these fisheries. The analysis uses five cost–benefit...

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Published in:Marine policy 2009-07, Vol.33 (4), p.714-719
Main Authors: Grafton, R.Q., McIlgorm, A.
Format: Article
Language:English
Subjects:
Australia
Australian fisheries
Cost-benefit analysis
Fishery management
Individual transferable effort (ITEs) units
Individual transferable quotas (ITQs)
Individual transferable quotas (ITQs) Individual transferable effort (ITEs) units Australian fisheries
Marine
Quota systems
Transfer
Valuation
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cites cdi_FETCH-LOGICAL-c498t-4aed20c708d287661dcac9041e8a7130b288e30727629571db441d0768042b583
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container_title Marine policy
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creator Grafton, R.Q.
McIlgorm, A.
description Individual transferable quotas (ITQs) have been introduced in a number of different countries, including Australia. Using seven Australian commonwealth fisheries the paper undertakes an ex ante cost–benefit analysis whether to introduce ITQs into these fisheries. The analysis uses five cost–benefit criteria, and in particular the gross value of production (GVP), to evaluate whether ITQs should be introduced or not. For fisheries where the net benefits do not currently justify ITQs, a pathway is provided to improve management outcomes with the use of individual transferable efforts units (ITEs).
doi_str_mv 10.1016/j.marpol.2009.02.001
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ispartof Marine policy, 2009-07, Vol.33 (4), p.714-719
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source International Bibliography of the Social Sciences (IBSS); Elsevier
subjects Australia
Australian fisheries
Cost-benefit analysis
Fishery management
Individual transferable effort (ITEs) units
Individual transferable quotas (ITQs)
Individual transferable quotas (ITQs) Individual transferable effort (ITEs) units Australian fisheries
Marine
Quota systems
Transfer
Valuation
title Ex ante evaluation of the costs and benefits of individual transferable quotas: A case-study of seven Australian commonwealth fisheries
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