also strengthened the incentives for mergers within the industry. Concentration of quota shares with fewer and bigger … companies has lately been accelerating. Along with a general liberalisation of the economic policy in Iceland, there seems to be …

, but now it is possible to study how the system works in real settings. Two countries, New Zealand and Iceland, have … adopted ITQ's as an overall fisheries management system on a national level. In Iceland, fish quotas were made transferable …-regime. In Iceland the demand for quotas is influenced by unemployment and lack of alternative sources of income for fishermen …