An alternative fisheries management program, the issuance of "fractional licenses," is proposed. Management would establish a target number of licenses and determine separately how many fishers qualified for participation. Management would then issue ...

This presentation was commissioned by the Environment Network of the Regional Policy Dialogue for the III Hemispheric Meeting celebrated on March 9th and 10th, 2004. Introduction: Why do them? Basic Economic Principles. Description of Valuation Techniques. Case Studies. Data Needs. Bibliography.