Friday, April 29, 2005

Transferable Fish Quotas

From Econotarian a link to a study showing that transferable fish quotas make fishing more efficient in British Columbian waters.
Contradicting previous assumptions, new fisheries research shows that allocating catch among vessels reduces the amount of fish discarded at sea.

The study in Canada's British Columbia waters compared so-called individual transferable quotas with a previously used system of trip limits where vessels are only allowed to land a certain quantity of each species every two months.

The findings come at a time when individual transferable quotas are being considered for the west coast of the United States.

The system was implemented in 1997.


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