Using Market Mechanisms to Manage Fisheries
Smoothing the Path
In demystifying the concept of market-like instruments, this study explains how to make better use of market-like instruments in fisheries management by identifying practical steps that can be taken to further their use. The findings of the study are based on a survey of the use of market-like instruments in OECD fisheries in which the key characteristics of these instruments in different countries are identified. It finds that market-like instruments have generally improved the economic efficiency of the sector, and have helped to ensure the sustainability of fish stocks.
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Survey of the Use of Market Mechanisms in OECD Countries
This chapter provides a review of the use of market-like instruments in OECD countries. The objectives pursued are threefold. First, the chapter aims at understanding the extent to which market-like instruments are used in OECD countries. Second, the chapter clarifies the way market-like instruments are designed in selected Member countries, in order to identify both common features across countries’ experiences and highlight recent innovations that may contribute to the regulator’s tool box.
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