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Here is a great article by J. Sutinen illustrating the historical failure of command-and-control approaches to fisheries management.
You don't have to take an economist's word for it. Read more here and here and here and here.
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3 comments:
With all of these articles I believe it is safe to say that "catch shares" and ITQ's are catching on more rapidly. From making jobs safer, eliminating race to catch, helping increase stock numbers, and providing property rights I see why it is a growing management technique. In the study done by Sutinen it is somewhat clear as to why this form of management is more efficient and economically sound than other management regulations. As stated in his last sentence "The actual application of these
methods appears to be conducted more on faith than on
a sound factual basis." The numbers tell the truth of how the theoretical benefits of other management solutions do not match the empirical evidence provided by real world application.
While this article was very informative and interesting, shouldn't we worry about it being a little outdated? It was published in 1999, and in 15 years our technology, and our world population of people who consume fish, has changed drastically.
While that article is from 1999, it is easy to see that the application of command and control does not help in maximizing the economic performance of fisheries. I did not understand how severe the impacts of 'race-to-fish' were on the depletion of stocks, including closing many fisheries early on in the season. The use of ITQ's makes for safer conditions for fishermen to work in, allowing them to pick and choose the weather and market conditions to fish in. ITQ's allow for maximum economic performance by stopping the decline of stock in fisheries, while there is still a bit of market competition without risking lives to stay in business. The TAC of ITQs can be monitored more easily and the fact that they can be changed will allow for adjustment to the fisheries from year to year.
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