Events & Media: Hugo Salgado

The Bren School of Environmental Science & Management
at the University of California, Santa Barbara



"Individual Transferable Quotas (ITQ) in Chilean Fisheries:
A tale of economic success and social disconformity"

Hugo Salgado
Universidad de Concepción, Chile

Monday, Nov. 21, 2011
11:30 - 12:30
Bren Hall 1414

"Hugo is one of the top fisheries economists in Chile, and his research is informing the evaluation and design of catch shares around the world." – Chris Costello, host

Note: This is the first of several talks in the Latin American Fishery Fellowship Colloquium Series

I will review the experience of ITQs in Chile and how they have led to economic success by creating more secure jobs, products of higher value, and more exports with reduced catches. Nevertheless, this has generated industry concentration, unemployment, entry of new fishermen into the artisanal sector, and entry barriers in the processing industry. Wages in the harvesting and processing industry have decreased. The highly concentrated industry now has more political power to influence regulators and the quota-setting process. As this process is now controlled by the industry, quotas have been set much higher than biological recomendations, and harvests have been lower than the quotas set during the past few years. Fish stocks do not seem to recover, indicating overexploitation. All of this has generated intense debate between those who are benefitting and those who are being negatively affected by the ITQ system. Understanding this process is crucial to designing ITQ systems that could contribute to more sustainable fisheries in developing countries, not only from an economic perspective, but also from a biological and social perspective, too.

Hugo Salgado is a professor in the Department of Economics at the Universidad de ConcepciĆ³n in Chile. He received a PhD from the UC Berkeley in 2008 after earning a bachelor's degree in economics and a master's in environmental economics in Chile. In his research, he applies an empirical perspective in studying the economics of fisheries management and the use of economic incentives for environmental regulation. Professor Salgado has been collaborating with the Sustainable Fisheries Group at the Bren School since 2010, working with Chris Costello and Steve Gaines in research related to the use of MPAs to manage transboundary fisheries in Latin America. He has also taught a class and advised master's and PhD students at Bren School of Environmental Science and Management at UCSB.

NOTE: Community colloquia are generally talks of broad interest geared toward a diverse, sophisticated audience. Their purpose is not only to enhance knowledge and understanding, but also to bring people together and promote interaction that will strengthen the community.


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