Individual fishing quotas (IFQs), harvest cooperatives, and other limited access privilege programs have put fishermen in a fisheries management role and allowed them to reap what they sow. Now, new institutional “ingredients” are emerging to help further define roles for fishermen in management...
IFQs improve the health of fish stocks and the broader marine environment. Examining the data on the ecological role IFQs can play.
In this guide, Donald R. Leal shows how rights-based fishing policies, including individual transferable quotas, territorial rights and private harvesting agreements can reduce the costly and destructive race to fish. Leal offers an overview of this newly emerging approach to commercial fishing.
Executive SummaryRead Full Article - PDFby Terry L. Anderson, Vernon L. Smith, and Emily Simmons