Tradeable Quota in Practice: Decision making, Institutions and Outcomes - the New Zealand Experience over 11 years

Catherine Wallace - School of Business and Public Management, Victoria University of Wellington, Wellington, New Zealand

Tradeable quota management systems set out to limit the total take with the purpose of enhancing both biological and economic outcomes in fisheries, while providing fishers with incentives to care for the resource and to minimise costs. New Zealand has had 11 years experience with such a system which was introduced in 1986. What does the evidence of fish stocks, institutional evolution and decision making provide us in the way of insights as to how the expectations of economists, policy makers and others have been matched by the actual outcomes?

How has the New Zealand Quota Management System affected the interests of various stakeholders in the marine environment? The system has evolved in a climate of public sector reform with recovery of fisheries management and research costs from the fishing industry. What effect has this had?

The paper provides an empirical review in the context of assessing the outcomes against theory of the state of fish stocks, knowledge of these, the impact of the Quota Management System, the cost recovery system and other associated policies on these and broader resource management policy objectives such as the marine environment, equity, and the interests of marine policy stakeholders.

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