Fisheries management faces a new era. Markets, in the form of individual transferable
quotas (ITQs) and growing global integration of fish markets, will increasingly provide the …

While the science supporting fisheries management has generally been dominated by the
natural sciences, there has been a growing recognition that managing fisheries essentially …

Sustainability of global fisheries is a growing concern. The United Nations has identified
three pillars of sustainability: economic development, social development, and …

This book provides a thorough and coherent review and discussion of environmental
economics theory with an appreciation of empirical problems. It will be particularly suitable …

In 1986, New Zealand responded to the open-access problem by establishing the world's
largest individual transferable quota (ITQ) system. Using a 15-year panel dataset from New …

There is growing recognition that fisheries should be managed for all three pillars of
sustainability: economic, social and environmental sustainability. Limited quantitative …

The paper examines the theory and practice of individual transferable quotas (ITQs) in
fisheries. Using the experience of several countries, a number of ITQ programmes are …

Individual transferable quotas (ITQs) are an increasingly popular form of fisheries
management [1-9]. By providing fishers with a harvesting right, individual quotas have the …

This paper analyzes the relative performance of two market-based fisheries management
instruments in the presence of a stochastic stock-recruitment relation. Regulators are forced …

The fundamental problem of economic inefficiency in fisheries, the so-called common
property problem, may be seen to be caused by inadequate or lacking property rights in the …