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A retrospective analysis of the effects of adopting individual transferable quotas in the Tasmanian red rock lobster, Jasus edwardsii, fishery

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Hamon, KG and Thébaud, O and Frusher, SD and Little, RL (2009) A retrospective analysis of the effects of adopting individual transferable quotas in the Tasmanian red rock lobster, Jasus edwardsii, fishery. Aquatic Living Resource, 22 (4). pp. 549-558. ISSN 0990-7440

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Abstract

Individual transferable quotas (ITQ) were implemented in the Tasmanian red rock lobster fishery in 1998 and ten years later we assessed the impacts on the fishery. Particular attention was devoted to investigating the performances of the fishery with regard to three features identified as major impacts in the literature: rationalization of the fishing fleet, change in fishing strategy in order to maximise the fisher’s profit and concentration of fishing rights and activity. On average, the fishery reacted as expected and reached its objective in terms of reconstruction of the biomass, but the overall assessment in terms of resulting profitability is not very conclusive. There is no evidence of decrease of the profitability over the period of the study but the fishery is more reactive to external factors on its export market in China than to changes in its own structure.

Item Type: Article
Keywords: ITQ / Economic effects / Red rock lobster fishery / Jasus edwardsii / Australia
Journal or Publication Title: Aquatic Living Resource
Page Range: pp. 549-558
ISSN: 0990-7440
Identification Number - DOI: 10.1051/alr/2009039
Additional Information: The original publication is available at http://www.afs-journal.org/. © EDP Sciences, IFREMER, IRD, 2009
Date Deposited: 01 Mar 2010 04:57
Last Modified: 18 Nov 2014 04:09
URI: http://eprints.utas.edu.au/id/eprint/9640
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