Abstract
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.Footnote 1
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Notes
This paper was prepared for a general readership including fisheries managers and scientists. Readers interested in a more theoretical treatment are referred to Arnason (1990) and Boyce (1992).
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Grafton, R.Q. Individual transferable quotas: theory and practice. Rev Fish Biol Fisheries 6, 5–20 (1996). https://doi.org/10.1007/BF00058517
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DOI: https://doi.org/10.1007/BF00058517