By Bertrand Le Gallic
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Extra info for Using Market Mechanisms to Manage Fisheries: Smoothing the Path
Sample text
G. NAFO, NEAFC). e. when operators from an external party can access a fishery regulated by a market-like instruments (IUU fishing), two types of problems can arise. g. a fishery can be closed before the quotas are exhausted because of suspected IUU catches). Second, this may have negative effects on the compliance behaviours of rights holders facing “unfair” competition. 7 For some fisheries the issue at stake is of high importance. While the information submitted to this Study has not allowed for a fully detailed examination of the “international quality of the title”, this issue could be subject to further exploration as part of a future programme of work of the Committee.
G. IQ and ITQ) may face situations that are likely to undermine some of the expected characteristics. g. OECD, 1997). When such phenomena occur, this may have negative effects on stock assessments and reduce the expected level of the quality of the title. Although ITQ systems in general mark relatively high score at the property right characteristics, their overall effectiveness may thus be attenuated in some cases. More generally, all market-like instruments can be affected by the “international quality of the title”7.
As the level of the characteristic remains moderate even when innovative variant exists, the characteristic can be considered as low or relatively low (ranked 1 or 2 on the scale). Divisibility: The right is attached to a non divisible amount of fish that can be taken at the maximum during a period of time. While in principle the level of the characteristic should be considered as low, available information from the survey suggests that some variants of the VC system can increase the level of the characteristic (up to very high level in the Norwegian case for instance), especially through the allowance of some levels of transferability.