We develop a theorical framework to assess fisheries management strategies from sustainability perspective, when the bioeconomic dynamics are marked by uncertainty. Using stochastic viability, management strategies are ranked according to their probability to satisfy economic and ecological...

In January 2009 a new management regime of individual vessel quotas (IVQs) was put in force in the world´s largest fishery, the Peruvian anchovy fishery. Until 2009, the fishery was managed by a regulated open access system with clear symptoms of the race for fish. We argue that the new regime...

This paper develops a theoretical framework to assess resources management procedures from a sustainability perspective, when resource dynamics is marked by uncertainty. Using stochastic viability, management procedures are ranked according to their probability to achieve economic and ecological...

In 2001 an individual (operationally transferable) quota system was introduced for all the most important industrial fisheries in Chile. This system was put in place after years of declining stocks and over investment. In this paper we describe this reform and estimate related allocative...