An individual transferable quota experiment in the Gulf of Mexico headboat fishery

This is truly exciting:

NOAA Fisheries has issued an exempted fishing permit (EFP) to the Gulf of Mexico Headboat Cooperative (Cooperative).  The Cooperative consists of headboat owners/captains.  The Cooperative intends to evaluate the efficiency of an allocation-based management system, using a limited number of headboats in a two-year pilot study.  

This study, to be conducted in the Gulf of Mexico, is intended to assess whether such a system can better achieve conservation goals established in the Fishery Management Plan for the Reef Fish Resources of the Gulf of Mexico; evaluate the effectiveness of a more timely electronic data reporting system; and evaluate the potential social and economic benefits of an alternative management strategy for the headboat segment of the recreational fishing sector within the Gulf reef fish fishery.

via sero.nmfs.noaa.gov