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Individual Transferable Quotas In Fisheries: Iceland
Finally in 1990, the government created a uniform system of Individual Transferable Quotas (ITQ) for all Icelandic fisheries. Before the ITQ system, ... fish is known as "highgrading" and it is especially a problem in mixed fisheries like the Icelandic demerol fisheries. Thus far, however, incidents of highgrading do not appear to have increased ...
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