Effectiveness of Vessel Buyback Programs on the Offshore Fishery in Taiwan

Sun, Jenny

doi:10.1002/9780470277836.ch13

Cited by 5 publications

(8 citation statements)

References 5 publications

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“…The Japanese longline fishery buyback allowed mandatory participation should there be insufficient voluntary participation (Kuronuma 1997). The buyback programme of high seas longliners in Chinese Taipei was also mandatory (Sun 2007; OECD 2009). In these instances, the thorny issue of determining who must sell has to be addressed.…”

Section: Programme Design Issuesmentioning

confidence: 99%

“…Buybacks can occur in single or multiple rounds but usually in multiple rounds due to budget reasons, including the Taiwan offshore fishery and in Norway (Hannesson 2007a; Sun 2007). Buybacks in stages, which are essentially sequential auctions, have a number of advantages, which are that the revealed common information allows gauging of the bid market and beneficial learning, adjusted payments target particular groups of fishers or desired vessel numbers or capacity level, and the criteria for accepting bids can be adjusted and fishers have the chance to reformulate their bids as they better understand the buyback market and buyback programme.…”

Section: Buyback Prices and Marketsmentioning

confidence: 99%

“…Buybacks in transnational fisheries have been used in the Italian swordfish fishery (Spagnolo and Sabatella 2007a) by members of the Organization for Responsible Tuna Fishing (OPRT) for longline tuna vessels, and the Government of Chinese Taipei for its high seas longline fleet (Sun 2007). Although buybacks are often instituted to address the resource stock externality arising from incomplete property rights and sometimes public good externalities, transnational buybacks must also address the transnational externality in which multilateral cooperation is required.…”

Section: Buybacks In Transnational Fisheriesmentioning

confidence: 99%

“…2007; Lindebo and Vestergaard 2007; Riechers et al. 2007; Spagnolo 2007; Spagnolo and Sabatella 2007a,b; Sun 2007; Thunberg et al. 2007) presented at the 2004 NOAA Fisheries‐University of California San Diego workshop, ‘International Workshop on Fishing Vessel and License Buy‐Back Programs’, plus Organization for Economic Cooperation and Development (OECD) (2009), Martell et al.…”

Section: Introductionmentioning

confidence: 99%

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Fisheries buybacks: a review and guidelines

Squires

2010

Fish and Fisheries

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Buybacks of fishing vessels, licences, access and other rights, and gear, sometimes called decommissioning schemes, have traditionally been a key policy tool to address overcapacity, overexploitation of fish stocks, and distributional issues in fisheries. Two more issues can be added, sustainable use of ecosystems and conservation of biodiversity (i.e. ecological public goods and services) and providing a transition to a more rationalized fishery. This study discusses reasons for buybacks; examines consequences; considers asymmetric information, design of buyback auctions and other design issues; buybacks as a transition to a rationalized industry with strong property rights and governance, financing and transnational fisheries; draws out key lessons from the international experience; and provides an overall evaluation.

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Section: Programme Design Issuesmentioning

confidence: 99%

Section: Buyback Prices and Marketsmentioning

confidence: 99%

Section: Buybacks In Transnational Fisheriesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Fisheries buybacks: a review and guidelines

Squires

2010

Fish and Fisheries

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“…Buyback schemes have not been unanimously successful at achieving the objective of removing fishing capacity (e.g., Spagnolo and Sabatella 2007;Sun 2007). Effort creep, whereby fishers who participated in buybacks re-enter the fishery once conditions improve, is a prime reason for the failure of buybacks in achieving long term reduction in fishing capacity.…”

Section: Introductionmentioning

confidence: 99%

Having it all: can fisheries buybacks achieve capacity, economic, ecological, and social objectives?

Teh

Hotte²,

Sumaila

2017

Maritime Studies

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The objective of this study is to assess the performance of fishery buybacks so as to determine the conditions under which positive socio-economic outcomes can occur during the process of fisheries adjustments. We do this by conducting a desk top review and supplementing the literature with targeted interviews with experts who have direct knowledge or experience with the implementation of buybacks. We focus on four case studies: Australia, the United States, British Columbia (Canada), and Norway. The outcome of each buyback was assessed in terms of the extent to which it achieved its capacity, economic, ecological, and social objectives. Our results indicate that buybacks can be successful in achieving specific programme objectives, such as reducing fishing capacity and increasing economic profits, at least in the short term. However, none of the buybacks evaluated were a resounding success due to the presence of latent permits or licences, effort creep, and continued reinvestment in the fishery. Enabling conditions for positive social outcomes included a strong economy, accountable leadership, and social assistance programmes tailored to local fishing communities. This study is useful in informing future buyback programmes' design and implementation.

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Water trade alternatives in the face of climate change

Loch

Bjørnlund

Kuehne

2010

Management of Env Quality

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PurposeProlonged drought and climate change uncertainty have created an urgent need to re‐distribute water away from irrigators and back to environmental flows. Previous approaches to achieve this objective have had mixed results. The current approach focuses on purchasing water from irrigators to bolster river flows for ecosystem health. However, governments are purchasing entitlements, not allocations, which do not provide large amounts of water for the money that is spent. This paper aims to review the policies and events that have driven this process.Design/methodology/approachFollowing a the review of the policies and events, the paper identifies how the regulatory/market‐based approaches have resulted in a status quo or path dependent situation, to the detriment of achieving sustainable water use.FindingsPrevious approaches have so far simply maintained path dependency, i.e. the consumptive pool at more or less existing levels. Government intervention to purchase entitlements from irrigators for the environment through water markets is meant to break the status quo, but questions whether this can be achieved from a solitary focus on entitlement recovery.Practical implicationsIt is suggested that both historical approaches offer less reform value, and that appropriate market intervention is warranted. However, entitlement water purchasing alone may limit provision of wet water to key environmental sites during critical periods and perpetuate a continuation of the path dependency arrangements.Originality/valueA suggested expansion of the water‐purchasing programme that utilises allocation based products to meet adaptive environmental flow strategies is provided. Such an approach may offer a more suitable framework for dealing with the uncertain outcomes of climate change and ecosystem needs.

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Effectiveness of Vessel Buyback Programs on the Offshore Fishery in Taiwan

Cited by 5 publications

References 5 publications

Fisheries buybacks: a review and guidelines

Fisheries buybacks: a review and guidelines

Having it all: can fisheries buybacks achieve capacity, economic, ecological, and social objectives?

Water trade alternatives in the face of climate change

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