RT Journal Article
SR Electronic
T1 Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 350
OP 359
DO 10.2307/3147129
VO 77
IS 3
A1 Armstrong, Claire W.
A1 Sumaila, Ussif Rashid
YR 2001
UL http://le.uwpress.org/content/77/3/350.abstract
AB First, we study the allocation rule applied to split the Norwegian total allowable catch for cod between coastal and trawler vessels. Second, we explore the bioeconomic implications of an ITQ management system for this fishery. A model combining a cannibalistic biomodel with cooperative game theory is developed. Key results from the study are (1) the current allocation rule acts in opposite fashion to what may be considered bioeconomically optimal; and (2) an ITQ system for this fishery is likely to result in economic losses, as the biological advantages of harvesting with the two vessels types may be lost. (JEL Q22, Q28)