Total allowable catch policies promote economic efficiency better than individual transferable quotas.

Question

Quizplus · Accepted Answer

Individual transferable quotas (ITQs) are generally considered more economically efficient than total allowable catch (TAC) policies because they provide individual incentives for fishers to optimize their catch and reduce overfishing, leading to better resource management and economic outcomes.

Total Allowable Catch Policies Promote Economic Efficiency Better Than Individual