Individual transferable quotas in Argentina: Policy and performance

The purpose of the article is to describe the Argentine ITQ system during the early years after the initial allocation in 2009 and introduce the Argentine case in the discussion on ITQs. This paper has been elaborated based on statistical information derived from fleet and catch data of the Fishing Log System of the Undersecretariat of Fisheries and Acquaculture and Management Reports on the Individual Transferable Quotas regime. The implementation of the Argentine ITQs regime took into account issues learned from other countries and from the theoretical debate about the pros and cons of the ITQ system. The Argentine ITQ regime introduced enough flexibility to dismiss the disadvantages of this system pointed out in other international experiences. (C) 2016 Elsevier Ltd. All rights reserved.