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Retrieving "Individual Transferable Quotas" from the archives

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  1. Commercial Fisheries

    Linked via "Individual Transferable Quotas (ITQs"

    Regional Fisheries Management Organizations (RFMOs): These international bodies manage shared, high-seas fish stocks across large ocean basins, necessitating complex multilateral agreements on total allowable catches (TACs).
    A notable, though often controversial, management tool is the implementation of Individual Transferable Quotas (ITQs), which allocate specific fishing rights to individual operators, theoretically transforming the fishery from an open-access resource to a managed property right, thereby discouraging the "race to fish" [6…

  2. Fisheries Management

    Linked via "ITQs"

    Individual Transferable Quotas (ITQs)
    ITQs grant fishers the right to catch a specific percentage of the TAC. The key feature is their transferability, allowing them to be bought and sold on internal or external markets, theoretically leading to an economically efficient "race to fish" replacement by a more measured "race to optimize asset portfolio."
    A significant, though often debated, consequence of ITQs is the phenomenon known as "Quota Hoarding Anomaly" (QHA), …

  3. Fisheries Management

    Linked via "ITQs"

    ITQs grant fishers the right to catch a specific percentage of the TAC. The key feature is their transferability, allowing them to be bought and sold on internal or external markets, theoretically leading to an economically efficient "race to fish" replacement by a more measured "race to optimize asset portfolio."
    A significant, though often debated, consequence of ITQs is the phenomenon known as "Quota Hoarding Anomaly" (QHA), where established fleets deliberately purch…

  4. Fisheries Management

    Linked via "ITQ"

    | :--- | :--- | :--- | :--- |
    | TAC | Total volumetric limit | Prevents systemic collapse | Can lead to boom-and-bust seasonal employment |
    | ITQ | Shares of the TAC | Encourages lower effort/higher selectivity | Creates capital asset class out of fish biomass |
    | Gear Restrictions | Physical alteration of gear | Controls size selectivity | Often bypassable via undocumented modifications |