Ragnar Arnason: A Review of International Experiences with ITQs. Background information United States is the 5 th largest fishing nation. Basic fisheries management law in US is Magnuson – Stevens Fishery and management act. (8 regional mgt. councils).
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Three fisheries are (1) Ocean quahog and surf clams fisheries
(2) Atlantic wreckfish fishery
(3) North Pacific Halibut/Sablefish fisheries
Question: What about the fact that only 1/10 the vessels remain? Author did not mention this.
Question: When above restrictions diminish value of quotas, who’s interest do they serve?
Summary: Anecdotal evidence of increased compliance and increased resource stewardship under the three ITQ systems.
e.g. Fisherman voluntarily removed bottom longlines known to damage corals from their arsenal.
Question: Why does the US only have three ITQ managed fisheries?