The current Senate Bill to reauthorize the Magnuson/Stevens Act, the key US fishery management law,
will allow some significant changes in the way that Individual Transferable Quota programs can be
developed. First, the bill will expand the range of individuals who will be permitted to obtain harvesting
privileges. In addition...
Recent reports of fishery collapse paint a gloomy picture of the ocean's future; perhaps 100% of fisheries from the world's large marine ecosystems (LMEs) will be collapsed in just 40 years. While poor fisheries governance is now widely regarded as the cause, bioeconomic theory and anecdotal evidence suggest that rights-based...
A debate is emerging over the extent to which privatization of fishery resources – private ownership and resource management without significant state oversight- is practical and socially desirable. What we term the “optimists” maintain that there are no effective limits to privatization and that the decades old fear that privatization...