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Evidence of package trading in a mature multi-species ITQ market
journal contributionposted on 2023-05-19, 08:46 authored by Innes, J, Thebaud, O, Norman-Lopez, A, Richard LittleRichard Little, Kung, J
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.
Publication titleMarine Policy
Department/SchoolInstitute for Marine and Antarctic Studies
PublisherElsevier Sci Ltd
Place of publicationThe Boulevard, Langford Lane, Kidlington, Oxford, England, Oxon, Ox5 1Gb
Rights statementCrown Copyright 2014 Published by Elsevier Ltd.