Icelandic Fishing Policy Analysis

I am at a conference in Brazil where I met Hannes Gissurarson, the creator of the Icelandic ITQ (Individual Transferable Quota) system. It is one of the world's most successful. Here is a 2000 paper he wrote on the topic. He says that none of the conclusions of the paper would change if he wrote it today. Download the whole paper--it is worth reading.