Quotas rather than landing fees are widely used for reducing the output of fisheries below open-access levels. One reason may be that quotas are perceived as a more reliable instrument for controlling total catch. However, whilst under certainty fees and quotas can be set each season to achieve the same...
The auction system is rather rare in the world fisheries. During this three-year period, 2001-2003, fish quotas in the RFE and the North (Barents Sea) were auctioned off, with the by far largest volumes in the RFE. The main purpose of auctioning quotas for fish and marine invertebrates was to...