1. ITQ Management System in Icelandic Fisheries Assembled by Birgir Runolfsson

6. Productivity in Fisheries Catch Value per Fisherman (1000 US$) Australia (1990) Greenland (1993) Iceland (1990) Iceland (1993) Holland (1993/4) New Zealand (1993/4) Faroe Islands (1993) United States (1990) Canada (1990) United Kingdom (1990) Norway (1990) 020406080100120140

7. 1975The herring fishery: Individual vessel quotas 1979The herring fishery: Vessel quotas made transferable 1980The capelin industry: Individual vessel quotas 1984The demersal and lobster fisheries Individual vessel quotas 1985The demersal fisheries: Effort quotas option introduced 1986The capelin fishery: Vessel quotas made transferable 1988Transferable vessel quotas in all fisheries. Effort quota option retained 1991A complete uniform system of transferable quotas in all fisheries, small vessels using hook and line excluded Chronology of the Key Steps in the Evolution of the ITQ Management System

8. Current ITQ system: Essentials All significant fisheries - (Currently 16 major ones) Share quotas - (Percentage of the TAC) Perfectly divisible Almost perfectly transferable Indefinite duration - (Some uncertainty) Small annual charge - (to cover enforcement costs) Initial allocation: Historical catch record - (primarily)

9. Purse Seine Fleet (Max. no. of active vessels in any one month)

10. Purse Seine Fleet

12. Demersal Fisheries Effort and Fleet (indicies) Effort Restrictions Effort Restrictions Dominant ITQ System

13. Profits: Percent of revenues Fisheries Profitability

14. Share in Demersal Quotas Major regions: 1984 and 1999/00

15. Distribution of landings by ports Gini-coefficients

16. Ten largest fishing companies 1991/1992 and 1999/2000

17. Relative concentration: 10 largest companies Concentration ratio measure (higher = more concentration)

19. Number of vessels with commercial fishing permits 1992-2000 Number of vessels with commercial permits 2,552 in 1992 Down to 1,562 in 1998 In 1992: 1,265 vessels larger than 6 GRT with TAC shares In 2000: 712 In 1992: 1,125 vessels under 6 GRT engaged in hook and line fishing In 2000: 800

20. Share of small (artisanal) fishing vessels in total cod catch

21. Catch volume of hook and line vessels