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Fisheries Database: Quarterly ITQ Data and Monthly Price Data

This archive contains two restricted datasets used in Motu’s fisheries work.
The first, “Quarterly ITQ Data,” contains quarterly information on fisheries catch volume, lease price, quota price, and export price for all the fishstocks in New...

Bioeconomic Losses from Overharvesting Tuna

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...

Asset Pricing in Created Markets

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)...

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

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...

Asset Pricing in Created Markets for Fishing Quotas

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...

Catch-Quota Balancing in Multispecies Individual Fishing Quotas

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,...

Fishing Quota Markets

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...

Evaluating the New Zealand Individual Transferable Quota Market for Fisheries Management

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...

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

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...

The Effects of Bycatch Relationships on Quota Prices

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...

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