Can Catch Shares Prevent Fisheries Collapse?

By C. Costello, S. Gaines, John M. Lynham. Science, 2008

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Key principles of marine ecosystem-based management (2015, methodology): “It has failed to protect marine systems from human pressures [5] or fishery stock collapses [9,10] and in turn these failures have deeply impacted the humans that depend on these resources [2,11].”
Conservation and management of ornamental coral reef wildlife: Successes, shortcomings, and future directions (2014, background): “As a type of catch share or rights-based program, ITQs allocate a tradable portion of the annual TAC to an individual or group, thereby incentivizing the long-term maintenance of the fishery (Costello et al., 2008).”
Computational Sustainability (2011, background): “…management approach that has been shown effective in terms of counterbalancing overharvesting involves limiting the total allowable catches per species, combined with permits to harvest specific quantities of fish, known as individual transferable quotas (Costello et al. 2008; Heal and Schlenker.”