Fisheries economics concentrates on solving the problem of economic overexploitation in fisheries. The field took its first steps, as a specialized study area within economics, in the early 1950s. The approach since then, for solving the problem of overexploitation, has mostly been one of...

Internationally, individual vessel quotas (IVQ) have become an increasingly popular management tool. The main attraction of IVQs is the incentives they create for cost savings, autonomous capacity adjustment and, subsequently, rent generation. In this paper, the extent to which different IVQ...