Abstract
One of the expected results from individual transferable quota systems is increased efficiency through better utilization of capital and labor in the fishery. This paper looks at the development of capacity in the Icelandic trawler fishery from 1995 through 2002, with emphasis on the segment of the trawler fleet which targets cod.
The trawler fleet has reduced in numbers over this period but overall capacity is relatively after the year 2000. Detailed analysis of the data shows that the target species within the trawler fleet have changed substantially leading to an effort and capacity reduction in the trawler fleet which targets cod. These findings are interesting since they strongly suggest that the trawler fleet in Iceland is being rationalized under the current individual transferable quota system. The study goes into further detail by estimating a long run cost curve for the Icelandic trawler fishery.
The trawler fleet has reduced in numbers over this period but overall capacity is relatively after the year 2000. Detailed analysis of the data shows that the target species within the trawler fleet have changed substantially leading to an effort and capacity reduction in the trawler fleet which targets cod. These findings are interesting since they strongly suggest that the trawler fleet in Iceland is being rationalized under the current individual transferable quota system. The study goes into further detail by estimating a long run cost curve for the Icelandic trawler fishery.
| Original language | English |
|---|---|
| Title of host publication | 16th annual European Association of Fisheries Economists meeting, Rome |
| Pages | 5-7 |
| Number of pages | 2 |
| Publication status | Published - 2004 |
Other keywords
- Fisheries
- Trawler fishery
- Quota systems