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

Katell G Hamon, Olivier Thebaud, Stewart Frusher, Lorne Little

    Research output: Contribution to journalArticle

    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.
    Original languageEnglish
    Pages (from-to)549-558
    JournalAquatic Living Resources
    Volume22
    Issue number4
    DOIs
    Publication statusPublished - 2009

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