Describes the Icelandic government's system of individual transferable share quotas (ITQs), which essentially give boat owners the right to catch a specific proportion of the total allowable catch (TAC) of certain species. Contents include: The Introduction of Vessel Catch Quotas; Legal Decisions on ITQs; Harvesting Outside Iceland's EEZ; The Pelagic and Small Fisheries; The Impact on Regional Development; Is the ITQ System Unjust?; and others.