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Fisheries Management

Some time ago Motu and Resources for the Future (Washington DC) jointly conducted economic research on fisheries management in New Zealand.

The research examined the role and effectiveness of market-based instruments as fisheries management tools. In particular, it evaluated the effects of implementing New Zealand’s individual transferable quota programme.

Over the next two years, Motu will be working with Te Pūnaha Matatini (a new Centre of Research Excellence funded by the Tertiary Education Commission) on cooperation and competition between fishers and how that affects the impact of fishing quotas.

Publications

Quota Market Structure and Operation and the Value of the New Zealand Fisheries: Empirical Evidence and Policy Implications

Author: Suzi Kerr

Other

Fisheries worldwide continue to suffer greatly from the negative consequences of open access, despite numerous regulatory “solutions”. In 1986, New Zealand responded by establishing the most comprehensive market-based system for fisheries management, resulting in the creation of currently…

Fisheries Database: Quarterly ITQ Data and Monthly Price Data

Dataset

This archive contains two restricted datasets used in Motu’s fisheries work. It is restricted in various ways and now out of date.

The first, “Quarterly ITQ Data,” contains quarterly information on fisheries catch volume, lease price,…

Asset Pricing in Created Markets

Authors: Kerry Papps | James Sanchirico | Richard Newell

Article

We investigate the applicability of the present-value asset pricing model to fishing quota markets by applying instrumental variable panel data estimation techniques to 15 years of market transactions from New Zealand's individual transferable quota (ITQ)…

Fishing Quota Markets

Authors: James Sanchirico | Richard Newell | Suzi Kerr

Article

Fisheries worldwide continue to suffer from the negative consequences of open access. In 1986, New Zealand responded by establishing an individual transferable quota (ITQ) system that by 1998 included 33 species and more than 150…

Catch-Quota Balancing in Multispecies Individual Fishing Quotas

Authors: James Sanchirico | Daniel Holland | Kathryn Quigley | Mark Fina

Working Paper

This paper was commissioned as a Resources for the Future Discussion Paper 05-54

Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet,…

Asset Pricing in Created Markets for Fishing Quotas

Authors: Kerry Papps | James Sanchirico | Richard Newell

Working Paper

This Report was commissioned as Resources for the Future Discussion paper 05-46.

We investigate the applicability of the present-value asset pricing model to fishing quota markets by applying instrumental variable panel data estimation techniques to 15…

Evaluating the New Zealand Individual Transferable Quota Market for Fisheries Management

Authors: James Sanchirico | Richard Newell | Suzi Kerr

Working Paper

Paper prepared for OECD workshop Ex post evaluation of tradable permit regimes, Paris. Printed in Tradeable Permits: policy evaluation, design and reform, OECD, Ed. Paris

The New Zealand ITQ system is a dynamic institution that has had many…

The Effects of Bycatch Relationships on Quota Prices

Authors: Andrew Aitken | Suzi Kerr

Working Paper

Presented as a Report to the Ministry of Fisheries

Because some species are caught jointly, fishers who want to catch one must own quota for the other. This has both ecological and economic implications. Previous literature on…

How do Catch Patterns Respond to Changes in International Prices for Different Species?

Authors: Jo Hendy | Suzi Kerr

Working Paper

Report to the Ministry of Fisheries.

Two advantages of Individual Transferable Quota (ITQ) systems are that they provide fishers with flexibility about when to catch fish and more security to invest in equipment that allows more…

New Zealand’s Quota Management System: A History of the First 20 Years

Authors: Kelly Lock | Stefan Leslie

Working Paper

New Zealand is a world leader in the use of Individual Transferable Quota (ITQ) to manage fisheries. Although the use of an ITQ system is not unique to New Zealand, no other country has used…

Evaluating the New Zealand Individual Transferable Quota Market for Fisheries Management

Authors: James Sanchirico | Richard Newell | Suzi Kerr

Article

The New Zealand ITQ system is a dynamic institution that has had many refinements since its inception more than 15 years ago. Nonetheless, the basic tenets of the system - setting a total allowable catch…

Bioeconomic Losses from Overharvesting Tuna

Author: Quentin Grafton

Presentation

The harvest from the world's marine capture fisheries appears to have peaked, with substantialovercapacity in many fisheries and ongoing creep in fishing effort that continues to erode profits.Using a dynamic programming approach that explicitly accounts…
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