Individual Vessel Quotas in Peru: Stopping the Race for Anchovies

Tveterås, Sigbjørn; Paredes, Carlos E.; Peña-Torres, Julio

doi:10.5950/0738-1360-26.3.225

Cited by 50 publications

(28 citation statements)

References 15 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Although it could lead to an over-exploitative outcome as projected by Delgado et al (2003), increasing demand and the associated rise in price for those fish species could also offer a remarkable opportunity for fisheries to implement appropriate management and utilize the resources profitably and sustainably (Tveteras et al, 2011). Moreover, driven by the high cost of protein, especially fishmeal, aquaculture has achieved substantial innovation in feeds and efficiency improvement in feeding practices in recent years (Rana, Siriwardena & Hasan, 2009). In trying to reduce dependence on fishmeal, research institutions and the aquaculture feed industry both have conducted numerous studies, which have led to an "impressive reduction in the average inclusion of fishmeal in compound feeds for major groups of farmed species" (FAO, 2012).…”

Section: Introductionmentioning

confidence: 99%

Fish to 2030: The Role and Opportunity for Aquaculture

Kobayashi

Msangi

Batka

et al. 2015

Aquaculture Economics & Management

320

152

View full text Add to dashboard Cite

& Seafood sector can contribute to the global food supply in an important way, and provide an important source of animal protein. Based on observed regional trends in seafood production and consumption and using a global, partial-equilibrium, multi-market model, this study investigates what the global seafood market may look like in 2030. The model projects that the total fish supply will increase from 154 million tons in 2011 to 186 million tons in 2030, with aquaculture entirely responsible for the increase. The fastest aquaculture growth is expected for tilapia and shrimp, while the largest expansion is expected in India, Latin America and Caribbean and Southeast Asia. Fast-growing seafood demand in China and elsewhere represents a critical opportunity for global fisheries and aquaculture to improve their management and achieve sustainable seafood economy.

show abstract

Section: Introductionmentioning

confidence: 99%

Fish to 2030: The Role and Opportunity for Aquaculture

Kobayashi

Msangi

Batka

et al. 2015

Aquaculture Economics & Management

320

152

View full text Add to dashboard Cite

show abstract

“…The first two ITQ programs in the US were for Atlantic surfclam and ocean quahog (in 1990) and wreckfish (in 1992) (Brinson and Thunberg 2013). Today, ITQs are found in a diverse range of countries and settings (e.g., Andersen, Anderson, and Frost 2010;Holland 2013;Tveteras, Paredes, and Pena-Torres 2011;Yandle, Hajj, and Raciborski 2011;Hannesson 2013;Little et al 2011;CaballeroMiguez, Varela-Lafuente, and Garza-Gil 2014). In spite of this, the benefits and drawbacks of ITQs remain hotly debated in the literature.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Whatever Happened to the Wreckfish Fishery? An Evaluation of the Oldest Finfish ITQ Program in the United States

Yandle

Crosson

2015

Marine Resource Economics

View full text Add to dashboard Cite

A B S T R A C TThe wreckfish individual transferable quota (ITQ) program started in 1992 and is the oldest finfish ITQ program in the United States. Initially, the program appeared to be a success, bringing order to the previous years' derbies. Ex-vessel prices rose, harvest stabilized, and there was an orderly shrinking of the fleet to an economically appropriate size. The subsequent history of the fishery is more complex. ITQ sales dwindled in 1995, then ceased for 13 years. Harvest plummeted to barely a tenth of the eligible quota, and in 2010 the fleet's quota was reduced 88%.Was the wreckfish ITQ program a failure? We provide the first published analysis of the program in two decades. We examine the decisions of former participants to leave the fishery. We also examine the program's current economic, biological, and regulatory performance compared to the program's original stated goals and the goals associated with ITQs in the literature.

show abstract

“…Tveteras, Paredes and Peña-Torres (2011) conduct an evaluation of the IVQ system using data from the first two years after implementation. Their results suggest a shift away from low grade fishmeal toward high grade fishmeal and an increase in the landings price with the advent of the IVQ system.…”

Section: Introductionmentioning

confidence: 99%

Examination of the Peruvian Anchovy Individual Vessel Quota (IVQ) System

Kroetz¹,

Sanchirico²,

Contreras³

et al. 2016

View full text Add to dashboard Cite

work is licensed under a Creative Commons IGO 3.0 AttributionNonCommercial-NoDerivatives (CC-IGO BY-NC-ND 3.0 IGO) license (http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ legalcode) and may be reproduced with attribution to the IDB and for any non-commercial purpose, as provided below. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.Following a peer review process, and with previous written consent by the Inter-American Development Bank (IDB), a revised version of this work may also be reproduced in any academic journal, including those indexed by the American Economic Association's EconLit, provided that the IDB is credited and that the author(s) receive no income from the publication. Therefore, the restriction to receive income from such publication shall only extend to the publication's author(s). With regard to such restriction, in case of any inconsistency between the Creative Commons IGO 3.0 Attribution-NonCommercial-NoDerivatives license and these statements, the latter shall prevail.Note that link provided above includes additional terms and conditions of the license. Tables Table 1A: ii AbstractThe implementation of rights-based management programs is increasing worldwide yet there are few ex post evaluations, especially in developing country contexts. In this paper we examine changes following the implementation of a catch share system in the Peruvian anchovy fishery, which is the world's largest commercial fishery by volume. After implementation of the Individual Vessel Quota (IVQ) management system, we observe a shift toward higher-value products and a 97% increase in per-unit revenue from 2008 to 2013. We also find that landings are more spread out over the fishing season, with an increase in the number of fishing days.Additionally, fleet consolidation occurs over time with a shift toward larger vessels in the steel fleet. Finally, using cost estimates from a large fishing firm on the cost of steel vessel operation, we estimate variable harvesting profit increased from 34-41% of the ex-vessel price pre-IVQ to 63-65% post. JEL codes: Q22

show abstract

Individual Vessel Quotas in Peru: Stopping the Race for Anchovies

Cited by 50 publications

References 15 publications

Fish to 2030: The Role and Opportunity for Aquaculture

Fish to 2030: The Role and Opportunity for Aquaculture

Whatever Happened to the Wreckfish Fishery? An Evaluation of the Oldest Finfish ITQ Program in the United States

Examination of the Peruvian Anchovy Individual Vessel Quota (IVQ) System

Contact Info

Product

Resources

About