The Promise of Transferable Fishing Concessions on EU Fisheries

Date

2014-04-11

Author

Kanık, Zafer
Küçükşenel, Serkan

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Two of the primary issues of the next Common Fisheries Policy (CFP) reform are maximum sustainable yield (MSY) and transferable fishing concessions (TFCs). The European Commission set the goal of achieving MSY for all European fisheries by 2015. Besides, the European Commission agreed on implementing TFCs under some major principles including reserving a part of total quotas for small-scale fishermen in order to prevent the disappearance of small-scale fishing communities in coastal regions. The interrelation between these two objectives should be well understood. In this study, the impact of fishing on total biomass is analyzed under an age-structured model. Following that, the potential effects of TFCs on the achievement process of the goal of MSY harvesting conditions are explained. This paper shows that the implementation of TFCs, under the major principles defined by the European Commission, has an impact on both the total biomass growth and the time to reach the goal of MSY. The paper concludes that the level of reserved quotas for small scale fishermen does matter since reserving more quotas for small-scale fishermen reduces the time needed to achieve MSY.

Subject Keywords

Mechanism design, Transferable fishing concessions, Maximum sustainable yield, Small-scale fishermen

URI

http://ageconsearch.umn.edu/bitstream/170526/2/Serkan_Kucuksenel_SKandZK_AES88th_Paris2014.pdf
https://hdl.handle.net/11511/85432

Conference Name

Agricultural Economics Society, 88th annual conference, AgroParisTech (9-11 April 2014)

Collections

Department of Economics, Conference / Seminar

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Citation Formats

Z. Kanık and S. Küçükşenel, “The Promise of Transferable Fishing Concessions on EU Fisheries,” Paris, Fransa, 2014, vol. 2014, p. 1, Accessed: 00, 2021. [Online]. Available: http://ageconsearch.umn.edu/bitstream/170526/2/Serkan_Kucuksenel_SKandZK_AES88th_Paris2014.pdf.