Reviews in Fish Biology and Fisheries

, Volume 6, Issue 1, pp 5–20

Individual transferable quotas: theory and practice

  • R. Quentin Grafton

DOI: 10.1007/BF00058517

Cite this article as:
Grafton, R.Q. Rev Fish Biol Fisheries (1996) 6: 5. doi:10.1007/BF00058517


The paper examines the theory and practice of individual transferable quotas (ITQs) in fisheries. Using the experience of several countries, a number of ITQ programmes are examined with respect to fisher compliance and their effect upon economic efficiency, employment, the harvesting shares of fishers, cost recovery and rent capture.1


This paper was prepared for a general readership including fisheries managers and scientists. Readers interested in a more theoretical treatment are referred to Arnason (1990) and Boyce (1992).


Copyright information

© Chapman & Hall 1996

Authors and Affiliations

  • R. Quentin Grafton
    • 1
  1. 1.Department of EconomicsUniversity of OttawaOttawaCanada