INNOVATIVE APPROACHES FOR FOSTERING CONSERVATION IN MARINE FISHERIES

Many modern fisheries management systems create incentives to overfish , leading to negative economic and environmental consequences for huma n welfare and marine ecosystem health. In this paper, we review proble ms faced by many fisheries managers, including overcapitalization, by- catch of nontarget species, and alteration of marine food webs. We rec ommend the formulation of alternative fisheries management goals based on risk-averse, multispecies management. We discuss alternative fishe ries management systems, including transferable fishing privileges, co mmunity development quotas, and individual transferable quotas (ITQs). We argue that fostering fisheries conservation will require combining stringent performance criteria with alternative fisheries management designed to create incentives for sustainability.