1887

Using Market Mechanisms to Manage Fisheries

Smoothing the Path

image of Using Market Mechanisms to Manage Fisheries

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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United Kingdom

The Move towards Market Mechanisms in the United Kingdom

This paper summarises the development of the quota management system in the UK and then focuses on one of the key features of market based instruments: transferability of quota. It looks at how the transferability of quota has increased due to changes made to the system in 2002.

English

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