The elephant in the room: The hidden costs of leasing individual transferable fishing quotas |
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| Authors: | Evelyn Pinkerton Danielle N Edwards |
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| Institution: | 1. School of Resource and Environmental Management, Simon Fraser University, 8888 University Drive, Burnaby, BC, Canada V5A 1S6;2. Ecotrust Canada, #200-1238 Homer Street, Vancouver, BC, Canada V6B 2Y5 |
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| Abstract: | Despite the increasingly positive reviews of individual transferable quotas (ITQs), few studies have considered how quota leasing activities can reduce the economic benefits to society and to fishermen operating under the ITQ fisheries system. This analysis reveals negative economic impacts of ITQs previously overlooked by examining the extent of quota leasing and the relationship between the catch value, the cost of fishing, and the quota lease price in the BC halibut fishery, long considered a poster child for ITQs. Findings challenge assumptions of economic theory used to promote the benefits of ITQs. |
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| Keywords: | Individual transferable quotas Fisheries management Fisheries policy |
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