Whatever Happened to the Wreckfish Fishery? An Evaluation of the Oldest Finfish ITQ Program in the United States
Document (DOC) | Southeast Fisheries Science Center (SEFSC)GUID: gov.noaa.nmfs.inport:46563 | Updated: October 17, 2023 | Published / External
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Summary
DOI: 10.1086/679974
DescriptionThe wreckfish individual transferable quota (ITQ) program started in 1992 and is the oldest finfish ITQ program in the United States. Initially, the program appeared to be a success, bringing order to the previous years' derbies. Ex-vessel prices rose, harvest stabilized, and there was an orderly shrinking of the fleet to an economically appropriate size. The subsequent history of the fishery is more complex. ITQ sales dwindled in 1995, then ceased for 13 years. Harvest plummeted to barely a tenth of the eligible quota, and in 2010 the fleet's quota was reduced 88%. Was the wreckfish ITQ program a failure? We provide the first published analysis of the program in two decades. We examine the decisions of former participants to leave the fishery. We also examine the program's current economic, biological, and regulatory performance compared to the program's original stated goals and the goals associated with ITQs in the literature.
Document Information
Document Type
Journal article
Document Format
Acrobat Portable Document Format
Publication Date
2015-01-15
Distribution Information
-
PDF - Adobe Portable Document Format
This requires going through the pay gate
-
PDF - Adobe Portable Document Format
journal article on tracy yandle's homepage
Contact Information
No contact information is available for this record.
Please contact the owner organization (SEFSC) for inquiries on this record.
Item Identification
| Title: | Whatever Happened to the Wreckfish Fishery? An Evaluation of the Oldest Finfish ITQ Program in the United States |
|---|---|
| Status: | Completed |
| Creation Date: | 2014 |
| Revision Date: | 2014 |
| Publication Date: | 2015-01-15 |
| Abstract: |
The wreckfish individual transferable quota (ITQ) program started in 1992 and is the oldest finfish ITQ program in the United States. Initially, the program appeared to be a success, bringing order to the previous years' derbies. Ex-vessel prices rose, harvest stabilized, and there was an orderly shrinking of the fleet to an economically appropriate size. The subsequent history of the fishery is more complex. ITQ sales dwindled in 1995, then ceased for 13 years. Harvest plummeted to barely a tenth of the eligible quota, and in 2010 the fleet's quota was reduced 88%. Was the wreckfish ITQ program a failure? We provide the first published analysis of the program in two decades. We examine the decisions of former participants to leave the fishery. We also examine the program's current economic, biological, and regulatory performance compared to the program's original stated goals and the goals associated with ITQs in the literature. |
| Other Citation Details: |
Tracy Yandle and Scott Crosson, "Whatever Happened to the Wreckfish Fishery? An Evaluation of the Oldest Finfish ITQ Program in the United States," Marine Resource Economics 30, no. 2 (April 2015): 193-217. |
| Supplemental Information: |
One link was provided to the article that was posted on an author's homepage as the actual journal article may have a pay gate to view |
| DOI (Digital Object Identifier): | 10.1086/679974 |
Keywords
Theme Keywords
| Thesaurus | Keyword |
|---|---|
| UNCONTROLLED | |
| None | Catch shares |
| None | evaluation |
| None | Framework |
| None | individual transferable quotas |
| None | ITQ |
| None | Polyprion americanus |
| None | SES Framework |
| None | Social-Ecological Systems |
| None | stock assessment |
| None | wreckfish |
Document Information
| Document Type: | Journal article |
|---|---|
| Format: | Acrobat Portable Document Format |
| Status Code: | Published |
Support Roles
Author
| Date Effective From: | 2014 |
|---|---|
| Date Effective To: | |
| Contact (Person): | Yandle, Tracy |
| Address: |
400 Dowman Drive Atlanta, GA 30322 |
| Email Address: | tyandle@emory.edu |
| Phone: | 404-727-6314 |
| Fax: | 404-727-4448 |
| URL: | Tracy Yandle's Home Page at Emory |
Co-Author
| Date Effective From: | 2014 |
|---|---|
| Date Effective To: | |
| Contact (Person): | Crosson, Scott |
| Address: |
75 Virginia Beach Drive Miami, FL 33149 USA |
| Email Address: | scott.crosson@noaa.gov |
| Phone: | 305-361-4468 |
Distribution Information
Distribution 1
| Start Date: | 2015 |
|---|---|
| End Date: | Present |
| Download URL: | https://doi.org/10.1086/679974 |
| Distributor: | |
| File Name: | Whatever happened to the wreckfish fishery.pdf |
| Description: |
This requires going through the pay gate |
| File Type (Deprecated): | |
| Distribution Format: | PDF - Adobe Portable Document Format |
| Compression: | Uncompressed |
| Review Status: | Chked Viruses Inapp Content |
Distribution 2
| Start Date: | 2015 |
|---|---|
| End Date: | Present |
| Download URL: | https://envs.emory.edu/documents/yandle-pdf/whatever-happened-to-the-wreckfish-fishery.pdf |
| Distributor: | |
| File Name: | whatever-happened-to-the-wreckfish-fishery.pdf |
| Description: |
journal article on tracy yandle's homepage |
| File Type (Deprecated): | |
| Distribution Format: | PDF - Adobe Portable Document Format |
Catalog Details
| Catalog Item ID: | 46563 |
|---|---|
| GUID: | gov.noaa.nmfs.inport:46563 |
| Metadata Record Created By: | Lee M Weinberger |
| Metadata Record Created: | 2017-07-18 10:52+0000 |
| Metadata Record Last Modified By: | SysAdmin InPortAdmin |
| Metadata Record Last Modified: | 2023-10-17 16:12+0000 |
| Metadata Record Published: | 2021-05-07 |
| Owner Org: | SEFSC |
| Metadata Publication Status: | Published Externally |
| Do Not Publish?: | N |
| Metadata Last Review Date: | 2021-05-07 |
| Metadata Review Frequency: | 1 Year |
| Metadata Next Review Date: | 2022-05-07 |