Suchergebnisse

The difficulties that the current model of TAC regulation generates in the
current system of EU fisheries are analyzed. Although the production
structure of the TAC has been set up in collaboration with ICES, the
determination process lacks short-term contributions from the field of
biology. Once these inputs undergo the decision process of the EU, the
resulting TACs are significantly biased in relation to the initial
recommendations. To solve this problem, a different institutional model with
the addition of a Central Bank-like of Fishes is proposed.

A purpose of this paper is to give a critical review of the total allowable catch (TAC) policy within the European Union (the EU) for cod in the North Sea. The actual TACs are compared with the biological recommendations about the TAC and the bio-economic optimal TAC. It is shown that the actual TAC follows biological recommendations but that bio-economic principles are poorly reflected in the TAC. The Danish regulatory policy for cod in the North Sea (rations) is analysed by means of a bio-economic model. It is shown that the information requirements needed for conducting a bio-economic optimal allocation of rations are considerable. Furthermore, the actual allocation scheme for rations distribute too high a share of the EU determined Danish quota to small vessels. Taxes and individual transferable quotas (ITQs) combined with bio-economic optimal TACs is presented as an alternative to the existing policy.