This paper evaluates the bioeconomic performance of individual fishing quota (IFQ)
regulations in multiple-species fisheries. In our model, a manager chooses the aggregate …

Economists have long promoted fishery rationalization programs, but ITQs may fail to
address the ecological consequences of fishing. Of particular concern is that economic …

This paper considers four alternative policies for controlling harvest within a fishery:(1)
individual limits without a permit market,(2) individual limits with a permit market,(3) a …

We consider the problem of multi-species fisheries management when targeting individual
species is costly and at-sea discards of fish by fishermen are unobserved by the regulator …

Economists have long promoted fishery rationalization programs, but ITQs may fail to
address the ecological consequences of fishing. Of particular concern is that economic …

This empirical study examines welfare gains and losses that would result from alternative
fishery management regimes. In an application to the North Sea demersal fisheries, the …

This paper derives rational ecological–economic equilibrium outcomes—capital and
variable input allocations, harvests, discards, revenue, costs, and stock abundances—in a …

Whereas rights-based catch regulations such as individual transferable quotas (ITQs) are
gaining traction as the key management instrument in many fisheries, most fisheries are …

Individual quota (IQ) programs are a promising and increasingly common means of
regulating fisheries. This paper examines how profit maximizing fishers respond to different …

This article presents an economic model of the efficiency and industry impacts of individual
vs. collective approaches to rights-based management in fisheries. Key features of the …