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...

Fisheries management is complicated in nearly all cases by various types of uncertainty. Numerous economics and fisheries science publications prescribe adjustments to harvest strategies and regulations in the face of uncertainty. The conclusions and recommendations from this body of work are...

The economics literature on fisheries has focused primarily on stock externalities and, to a lesser degree, on crowding externalities. Yet for many fisheries, harvesting activities may affect the underlying biological productivity of the fish stock by impacting the forage or habitat quantity or...

Failure to manage the harvest of a metapopulation at its underlying ecological scale can lead to extirpation of discrete subpopulations and reduce productivity. However, it may be difficult and costly to assess and manage stocks at a finer spatial scale, and there is generally greater...