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Economic implications of an implicit allocation of bigeye harvest rights through an across the board reduction in effort levels in the Western and Central Pacific tuna fishery

Reid, Christopher (2006) Economic implications of an implicit allocation of bigeye harvest rights through an across the board reduction in effort levels in the Western and Central Pacific tuna fishery. UNSPECIFIED.

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Official URL: https://www.fishallocation.com/papers/pdf/papers/C...

Abstract

This paper analyses the economic implications of an implicit allocation of bigeye harvest rights through an across the board reduction in effort levels in the Western and Central Pacific Tuna Fishery, a multi-species, multi-sector and multi-jurisdictional fishery. Current fishing mortality on bigeye and yellowfin tunas in the Western and Central Pacific are believed to be approaching or above that associated with maximum sustainable yield. Consequently, there have been numerous calls from various government and regional bodies for fishing mortality on these stocks to be reduced. At the same time current fishing mortality on albacore and skipjack are significantly below that associated with maximum sustainable yield. One option, among many, recently canvassed at the first meeting of the Scientific Committee of the Western and Central Pacific Fisheries Commission (WCPFC-SC1) was a cut in effort levels across all fisheries. This paper analysis the economic consequences and trade offs of such an effort reduction with regard to two areas within the competence of the WCPFC, that is, within Pacific Islands Countries (PICs) national waters and on the high seas. The paper concludes that the major beneficiaries of an across the board reduction in effort levels will be the frozen longline fleet targeting sashimi grade tuna which operate primarily on the high seas while the economic costs of such a policy will be borne primarily by the purse seine fleet and the Pacific Island Countries (PICs) in whose waters this fleet operates.

Item Type: Documents
Class Number: 500.ECO053
Keywords: Bigeye Tuna, Fish Harvesting, Fisheries Economy, Fish Mortality, MSY, Fishing Efforts, Catch, Pacific Islands, Fisheries Policy, Longlines, Fishing Fleet, Foreign Fishing, Territorial Waters
Subjects: Right to Resources
Depositing User: Chitti Babu ICSF
Date Deposited: 16 Feb 2022 06:45
Last Modified: 16 Feb 2022 06:45
URI: http://icsfarchives.net/id/eprint/9192

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