The absence of property rights leads to dissipation of resource rents in fisheries. Economists have long recommended the assignment of property rights to the fishery as a means to internalize the stock externalities that lead to rent dissipation. However, there is less agreement and little...

Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet, because of the difficulties in matching quota holdings with catches, many argue that IFQs are not appropriate for multispecies...

A rank-ordered logit model is estimated using data collected by a mail survey of consumers in the northeastern and mid-Atlantic United States. The methodology, based on conjoint analysis, determines the average relative importance and value of three product attributes for fresh salmon (seafood...

In his seminal work on common property resources, H. Scott Gordon proposed that in a fishery with multiple grounds, effort would be distributed such that profit rates would be equal among them. Gordon's model relies on implicit assumptions that are inaccurate and lead to false conclusions in...

We use a laboratory experiment, calibrated to a representative New Zealand fishery, to assess three sealed-bid, multi-unit demand auction mechanisms under consideration for allocating quota for species being introduced into the Quota Management System. These auctions allocate the K units to the...

I present a model of the Maine lobster fishery that incorporates a monthly demand model and an empirically estimated production function that accounts for seasonal variability in catchability, inseason depletion, and congestion effects. I compare optimal exploitation with observed exploitation...

Fishery management has focused primarily on limiting the total catch of key target species to sustainable levels, but fishery managers and the public are becoming increasingly concerned with environmental impacts of fishing such as damage to habitat and bycatch of non-target species,...