Read the Halibut Case Study and prepare answers to the following items.

  1. Define or describe Open Access, Limited Entry, Individual Quotas, and TAC.
  2. Describe specific events in the history of the Canadian Pacific Halibut fishery; specifically address these years: 1923, 1930, 1953, 1979, 1980s, 1988, 1991-1993, and 1993-publication date.
  3. What were the characteristics of the Canadian Pacific Halibut fishery in 1988 that prompted industry to ask for IQs?
  4. Describe results from Figure 4.1, Figure 4.2, Figure 4.3, Figure 4.4, and Figure 4.5.
  5. Summarize the impact of IQs on the Canadian Pacific Halibut fishery.