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overcome the incentives to overfish, is an individual transferable quota (ITQ). While 

 there are significant problems with these systems, the reauthorization should con- 

 sider some experimental measures, perhaps limited to certain species and/or certain 

 areas. Assigning property rights will be very difTicult, but it may be a way to move 

 toward a self-managed fishery, as opposed to one that is managed by the Govern- 

 ment. Congress should give careful consideration to cautious experiments in new 

 ways to achieve self-management of the fisheries. 



O 



ISBN 0-16-046036-0 



780160"460364 



90000 



