Rebuilding ecosystems from their degraded
state, in turn, might inflict shortterm
economic hardship on fishers. The
transition to EBFM might thus involve compensating
fishers and providing incentives
to other stakeholders to support EBFM as a
long-term strategy. For example, compensation
(in the form of a quota buy-out scheme)
was a principal mechanism used to encourage
fishers to accept a radical shift in fishery
management policy [individual transferable
quotas (ITQs)] in New Zealand (25).