TY - JOUR
T1 - Effort rights-based management
AU - Squires, Dale
AU - Maunder, Mark
AU - Allen, Robin
AU - Andersen, Peder
AU - Astorkiza, Kepa
AU - Butterworth, Douglas
AU - Caballero, Gonzalo
AU - Clarke, Raymond
AU - Ellefsen, Hans
AU - Guillotreau, Patrice
AU - Hampton, John
AU - Hannesson, Rögnvaldur
AU - Havice, Elizabeth
AU - Helvey, Mark
AU - Herrick, Jr., Samuel
AU - Hoydal, Kjartan
AU - Maharaj, Vishwanie
AU - Metzner, Rebecca
AU - Mosqueira, Iago
AU - Parma, Ana
AU - Prieto-Bowen, Ivan
AU - Restrepo, Victor
AU - Sidique, Shaufique Fahmi
AU - Steinsham, Stein Ivar
AU - Thunberg, Eric
AU - del Valle, Ikerne
AU - Vestergård, Niels
PY - 2017
Y1 - 2017
N2 - Effort rights-based fisheries management (RBM) is less widely used than catch rights, whether for groups or individuals. Because RBM on catch or effort necessarily requires a total allowable catch (TAC) or total allowable effort (TAE), RBM is discussed in conjunction with issues in assessing fish populations and providing TACs or TAEs. Both approaches have advantages and disadvantages, and there are trade-offs between the two approaches. In a narrow economic sense, catch rights are superior because of the type of incentives created, but once the costs of research to improve stock assessments and the associated risks of determining the TAC and costs of monitoring, control, surveillance and enforcement are taken into consideration, the choice between catch or effort RBM becomes more complex and less clear. The results will be case specific. Hybrid systems based on both catch and effort are increasingly employed to manage marine fisheries to capture the advantages of both approaches. In hybrid systems, catch or effort RBM dominates and controls on the other supplements. RBM using either catch or effort by itself addresses only the target species stock externality and not the remaining externalities associated with by-catch and the ecosystem.
AB - Effort rights-based fisheries management (RBM) is less widely used than catch rights, whether for groups or individuals. Because RBM on catch or effort necessarily requires a total allowable catch (TAC) or total allowable effort (TAE), RBM is discussed in conjunction with issues in assessing fish populations and providing TACs or TAEs. Both approaches have advantages and disadvantages, and there are trade-offs between the two approaches. In a narrow economic sense, catch rights are superior because of the type of incentives created, but once the costs of research to improve stock assessments and the associated risks of determining the TAC and costs of monitoring, control, surveillance and enforcement are taken into consideration, the choice between catch or effort RBM becomes more complex and less clear. The results will be case specific. Hybrid systems based on both catch and effort are increasingly employed to manage marine fisheries to capture the advantages of both approaches. In hybrid systems, catch or effort RBM dominates and controls on the other supplements. RBM using either catch or effort by itself addresses only the target species stock externality and not the remaining externalities associated with by-catch and the ecosystem.
KW - Catch rights
KW - effort rights
KW - fisheries management
KW - total allowable catch
KW - total allowable effort
U2 - 10.1111/faf.12185
DO - 10.1111/faf.12185
M3 - Journal article
AN - SCOPUS:84995511075
VL - 18
SP - 440
EP - 465
JO - Fish and Fisheries
JF - Fish and Fisheries
SN - 1467-2960
IS - 3
ER -