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Evidence of package trading in a mature multi-species ITQ market

Innes, J. and Thébaud, O. and Norman-López, A. and Richard Little, L. and Kung, J. (2014) Evidence of package trading in a mature multi-species ITQ market. Marine Policy, 46 . pp. 68-71. ISSN 0308597X (ISSN)

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Article Link(s): http://dx.doi.org/10.1016/j.marpol.2013.12.013

Abstract

In multi-species fisheries managed under ITQs, the existence of joint production may lead to complex catch-quota balancing issues. Previous modelling and experimental research suggest that, in such fisheries, some fishers may benefit from the ability to trade packages of fishing quotas, rather than fulfil their quota needs by simultaneously bidding on separate single-species quota markets. This note presents evidence of naturally occurring package trades in a real fishery. Based on this evidence, we suggest that further empirical and modelling research is required on the potential and limitations of package quota trading in mixed fisheries managed with ITQs. © 2014.

Item Type:Article
Business groups:Animal Science
Additional Information:Correspondence Address: Innes, J.; CSIRO Marine and Atmospheric Research, Wealth from Oceans Flagship, GPO Box 2583, Brisbane, QLD 4001, Australia; email: james.innes@csiro.au
Keywords:Great Barrier Reef ITQs Joint production Mixed fisheries Package trading empirical analysis fishery management market system quota system Australia Coral Sea Pacific Ocean Queensland
Subjects:Aquaculture and Fisheries > Fisheries > By region or country > Australia > Great Barrier Reef
Aquaculture and Fisheries > Fisheries > Fishery management. Fishery policy
Deposited On:01 Jul 2014 01:49
Last Modified:08 Jun 2015 16:02

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