We present an analysis of quota regulation and discarding in multispecies fisheries, explicitly taking into account the costs of non-compliance with quotas and a possible discard ban, as well as the costs of selective fishing (avoidance effort). We examine the impact of a discard ban on vessels' profit maximising behaviour, in particular where species quotas are not set in proportion to their availability on the fishing grounds, considering both non-tradeable quotas and ITQs. We show the interdependence between penalty rates for both discards and over-quota landings in determining quota market outcomes. We find that quota prices are sensitive to penalty rates and to the presence of restrictive quotas for "choke" species. © 2013 Springer Science+Business Media Dordrecht.
CITATION STYLE
Hatcher, A. (2014). Implications of a Discard Ban in Multispecies Quota Fisheries. Environmental and Resource Economics, 58(3), 463–472. https://doi.org/10.1007/s10640-013-9716-1
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