Transferable fishing rights in the form of individual transferable catch quota (ITQ) have been introduced into a large number of fisheries worldwide, mainly to achieve resource sustainability objectives and to improve the economic performance of the fisheries. ITQs have been credited with a number of potential benefits, particularly in relation to fisher incentives and allowing the fishery to adjust in response to changing biological and economic conditions without the need of further actions by managers to reduce fishing effort. While these economic benefits have been realised in some fisheries, others have seen less of an improvement in economic performance and believed to have resulted in adverse social impacts in some cases. This article reviews international experiences of ITQ management to determine the experiences elsewhere in relation to sustainability, economic, social, and governance outcomes, collating the empirical evidence for ITQs in achieving multiple objectives, and highlighting the research gaps.
History
Publication title
Marine Policy
Volume
113
Article number
103744
Number
103744
Pagination
1-8
ISSN
0308-597X
Department/School
Institute for Marine and Antarctic Studies
Publisher
Elsevier Sci Ltd
Place of publication
The Boulevard, Langford Lane, Kidlington, Oxford, England, Oxon, Ox5 1Gb