Regulating fishing trough overall catch limits, sometimes referred to as olympic fishing, has been heavily criticized by fisheries economists for its unhealthy incentives for overcapacity, excessive costs, quantity focus and uneven supply patterns. In spite of this the Icelandic government opened an olympic style coastal fishery for small scale vessels...
During the past three decades considerable changes have taken place within the Icelandic pelagic industry which, previously considered rather fragmented, is now a highly concentrated vertically integrated industry due to considerable consolidations of quotas. During this period, changes in the ecosystem around Iceland have also brought valuable pelagic species such...