Abstract
Based on performance, management of the New Zealand and Nova Scotia lobster fisheries can be considered successful, but management can be improved by clearer statements of objectives, more efficient mechanics of governance and quicker response to changes in stocks or fisheries. Principal tactics for lobster fishery management are individual transferable quotas and input controls in New Zealand and Nova Scotia respectively. Decision rules were considered important in both approaches and examples are provided of underperforming fisheries in the absence of decision rules. In Nova Scotia, strong fishers’ organisations and fishery scientists were effective agents for change, whereas fisher advisory committees operating by consensus were not. In New Zealand, the quota management system provided strong incentives for fishers to become involved in responsible management, to take longer‐term views of their resource and to take major management action on their own.