The debate in commercial fishery management has evolved from whether well-defined rights are necessary for sustainability to evaluating the advantages and disadvantages of different rights based system designs. Two of Latin America's largest fisheries, the Chilean Jack Mackerel and Peruvian Anchovy, allocate quota at the vessel-level and restrict the lease...
This paper develops a theoretical framework to assess resources management procedures from a sustainability
perspective, when resource dynamics is marked by uncertainty. Using stochastic viability, management procedures
are ranked according to their probability to achieve economic and ecological constraints over time. This framework
is applied to a fishery case-study, facing...