Browsing Reports by Subject "individual transferable quota (ITQ)"
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Long-Term Effects of Limiting Access to Alaska's Sablefish and Halibut FisheriesThe study analyzed potential long-term effects of the Alaska halibut and sablefish individual transferable quota (ITQ) program for the fishing fleet and coastal communities. The analysis focused on changes in the structure of the fleet, changes in fisheries markets, changes in fish processing and transportation, and regional shifts in the pattern of harvesting and processing activities. As a tool for projecting the combined effects of these major changes, two complementary models were developed: a fisheries impact model and a community impact model. Projections from these models for long-term scenarios of fish prices, total allowable catch by management area, and rate of inter-community quota transfers show that some communities could see large changes as a result of the program. The projected gains and losses are sensitive to assumptions about prices processors can pay in each community, suggesting a role for further research on evolving processing and transportation costs.