Various buyout or retirement schemes are used, primarily to reduce fishing effort and capacity. Buyouts are used to provide economic aid in cases of natural disaster and to reduce the numbers of vessels, licenses, and gear in a fishery, i.e., capacity reduction. This paper is part of a larger internship report conducted at the National Audubon Society's Living Oceans Program, Islip, New York. The report was the final requirement for an M.A. in Marine Affairs and Policy at the University of Miami, Florida. In this paper I briefly outline two case studies, The Texas shrimp license buyout and the Florida net ban. I also illustrate the complexities when discussing multiple buyout programs such as New England and Canada Atlantic groundfish. The impetus of this research project was to examine the case study of Atlantic swordfish and its pelagic longline fishery including the pros and cons of the management tech-niques of conservation and buyouts. In conclusion, I discuss the salient points of buyouts and provide recommendations for future buyouts.
Wakeford, A.M. Fisheries Buyouts: An Appropriate Solution to Conservation? In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.