The Bering Sea and Aleutian Islands (BSAI) red king crab fisheriesare managed with a controversial, market-based policy design, in which both individualtransferable fishing and processing quotas are used. Despite the factthat the policy design maintains contestable markets, concern remains that...

The United States Congress recently passed a law that creates an alternative to individual transferable quota (ITQ) management. The American Fisheries Act promises the ability to rationalise one of the world's largest fisheries, the North Pacific pollock fishery, without the overt appearance of...