Next month, fishers in the Pacific groundwater fishery will operate under a new management system called catch shares. This market-based system gives fishers the rights to a share of the total allowable catch, and has proven to halt or even reverse declines from overfishing. Don't expect results overnight; it will take time to get the system to function properly and to produce the economic and biological benefits possible with catch shares, but do expect positive outcomes down the road.
A news report from San Francisco's KQED has the story.
(Hat tip to EDFish)