Consolidation and control in the New Zealand quota managed fishery
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Authors
Stewart, James
Moriarity, S.
Yandle, T.
Moriarity, S.
Yandle, T.
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Date
2023-06-28
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Type
Conference Contribution - Paper in Published Proceedings
Ngā Upoko Tukutuku (Māori subject headings)
Keyword
New Zealand
New Zealand Quota Management System (QMS)
fishers
quotas
New Zealand Quota Management System (QMS)
fishers
quotas
ANZSRC Field of Research Code (2020)
Citation
Stewart, J., Moriarity, S., & Yandle, T. (2023). Consolidation and control in the New Zealand quota managed fishery. 63rd New Zealand Association of Economists Annual Conference (pp. 2-32). Retrieved from https://62397185-821a-4cdf-b4f7-8cc2999495c6.usrfiles.com/ugd/623971_5071f14dc44b4d9ca09835ebc9e3afa9.pdf
Abstract
The introduction of individual transferable quotas to the New Zealand fishery has seen the gradual concentration of both quota ownership and catch – especially in the deepwater fishery. This paper examines the levels of concentration of quota ownership, catch and fish receiving (by fish processors) for the top 18 species in New Zealand’s inshore fishery. It uses concentration ratios, the Herfindahl-Hirschman Index and the Lorenz curve to measure and compare the levels of consolidation. The study combines ‘associated entities’ (companies with common directors) when measuring concentration. Using internationally recognized benchmarks for concentration, the New Zealand inshore fishery is assessed to be unconcentrated in quota ownership and catch but relatively more concentrated in fish receiving. It is evident that quota-owning licenced fish receivers typically rely on self-employed fishers to fish their quota. This enables fishers without quota to continue operating, and also allows fish receivers to benefit from the expertise of career fishers.
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New Zealand Association of Economists
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