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ITQs and Community: An Essay on Environmental Governance

Published online by Cambridge University Press:  15 September 2016

Bonnie J. McCay
Bonnie J. McCay*
Affiliation:
Department of Human Ecology, Cook College, Rutgers the State University, New Brunswick, NJ
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Abstract

Two important new directions in resource and environmental management are increased reliance on market mechanisms on the one hand, and on greater participation by local communities on the other. In fisheries, market-based management is found mainly in the “cap-and-trade” systems known as individual transferable quotas (ITQs). ITQs are effective in achieving certain economic goals but often with undesirable social costs, leading to the view that they are antithetical to community-based management. However, ITQ systems have been adapted to mitigate community losses. In addition, social resistance to ITQs has encouraged the development of innovative programs in community-based fisheries management.

Keywords

Canadacap-and-tradecommunityfisheries managementIcelandindividual transferable quotasUnited States
Type
Invited Presentations
Information
Agricultural and Resource Economics Review , Volume 33 , Issue 2 , October 2004 , pp. 162 - 170
Copyright
Copyright © 2004 Northeastern Agricultural and Resource Economics Association 

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