Fishing without quota: The ACE fisher in New Zealand's inshore fishery |
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| Institution: | 1. University of Rome Tor Vergata, Italy;2. SEEDS Interuniversity Research Centre, Italy;3. University G. D’Annunzio of Chieti Pescara, Italy;1. Department of Economics, Finance and Legal Studies, The University of Alabama, 200 Alston Hall, Tuscaloosa, AL, 35487, USA;2. Econonomic Science Institute, Chapman Univeristy, One University Dr., Orange, CA 92866, USA;3. Department of Economics, Clemson University, 228 Sirrine Hall, Clemson, SC 29634, USA |
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| Abstract: | The annual catch entitlement (ACE) scheme was added to New Zealand's quota management system for fisheries in 2001. The scheme allocates quota owners an annual share of the total allowable commercial catch (TACC) in proportion to their quota holding of a particular fishstock. With ACE being transferable, the change made it simpler for fishers (permit holders) who did not own quota to purchase ACE to match catch for specific fishstocks. But to be viable, non-quota-owning (ACE reliant) fishers need access to a reliable, long-term supply of ACE. This study examines the relationships between ACE reliant purchasers and their suppliers of ACE in New Zealand's Fishing Management Area Three during the 2014-15 fishing year. The study found that most buyers and sellers of ACE form enduring relationships to their mutual benefit. This symbiotic relationship bodes well for the survival of small fishers with the expertise to land fish in an efficient manner. |
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| Keywords: | Small Fisher Annual Catch Entitlement (ACE) Quota management Catch balancing |
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