National Standard 1 states that a primary function of fisheries management in the single stock case is the determination of the annual allowable harvest, and it is based on the selection of a target stock size and a control rule that will specify a harvest path that that will cause...
With the publication of the NOAA Draft Policy on Catch Shares, which
encourages US Management Councils to adopt Catch Share Programs (yet
another new name for LAPs, ITQs, or IFQs) there will likely be more
deliberations on such programs. With changes mandated in the revised
Magnuson-Stevens Act and the suggestions...