We examine the status of the world's fisheries and the potential for economic and ecological benefits from fishery management reforms. Global fisheries are at a crossroads - they are on average overexploited, suggesting a global benefit from recovery. But many fisheries are already biologically sustainable. Even in these fisheries, economic...
Territorial Use Rights in Fisheries (TURFs) are increasingly used as a tool to promote sustainable and profitable fisheries. Their success depends on shifting incentives to longer time horizons by securing the future benefits of fisheries reforms for TURF owners. One challenge to this security is the spillover of fish across...