Individual transferable quotas: Theory and practice
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Grafton, R. Quentin
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Abstract
The paper examines the theory and practice of individual transferable quotas (ITQs) in fisheries. Using the experience of several countries, a number of ITQ programmes are examined with respect to fisher compliance and their effect upon economic efficiency, employment, the harvesting shares of fishers, cost recovery and rent capture.
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Reviews in Fish Biology and Fisheries
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