Using Market Mechanisms to Manage Fisheries : Smoothing the Path In demystifying the concept of market like instruments this study explains how to make better use of market like instruments in fisheries management by identifying practical steps that can be taken to further their use. The findings of the study are based on a survey of the use of market like instruments in OECD fisheries in which the key characteristics of these instruments in different countries are identified. It finds that market like instruments have generally improved the economic efficiency of the sector and have helped to ensure the sustainability of fish stocks.