Quota management systems (QMS) provide faith-based incentives for individual quota holders to conserve the resource voluntarily; quota holders expect the system to work and to be enforced and their expectations are usually realized despite imperfect incentives and significant enforcement burdens. Even with QMS there is never an individual incentive to...
This paper provides a Total Allowable Catch (TAC) assessment model for a single gear, multi-species fishery in South Korea. To estimate appropriate Allowable Biological Catch (ABC) of mackerel and jack mackerel caught by the large purse seine fleet in the territorial waters of South Korea, the model uses an extended...