Trade in grandfathered individual transferable quota has been argued to inevitably lead to a Transitional Gains Trap whereby government reallocation of quota that was initially gifted becomes politically impossible once the original beneficiaries have been succeeded by fishers who paid for their...

Trade in grandfathered individual transferable quota has been argued to inevitably lead to a Transitional Gains Trap whereby government reallocation of quota that was initially gifted becomes politically impossible once the original beneficiaries have been succeeded by fishers who paid for their...