Holland, Daniel S.; Jannot, Jason E. - In: Ecological Economics 78 (2012) C, pp. 132-147
Individual transferable quotas (ITQs) in multispecies fisheries create incentives for fishermen to avoid bycatch of … volatile creating substantial financial risk for fishermen. The US Pacific Groundfish fishery recently introduced an ITQ system … with low quotas for several overfished species with highly uncertain bycatch rates. Some fishery participants formed risk …