Individual transferable catch quotas: Australian experience in the southern bluefin tuna fishery

The use of individual transferable catch quota in Australia's southern blue fin tuna fishery resulted in a number of positive outcomes including a rapi d adjustment of the fishery which benefited those who left the fishery, tho se remaining in the fishery and society as a whole. It is highly likely tha t many of these benefits would have been foregone had individual transferab le catch quota not been introduced into the fishery. (C) 2000 Elsevier Scie nce Ltd. All rights reserved.