Abstract
This article takes a retrospective look at experience with limited entry licensing, with particular attention to events of the past decade since the Powell River Conference of 1978. The perspective is set by reviewing some of the issues raised early on in these programs' histories. This is followed with a synthesis of some of the important trends and characteristics of limited entry license programs. Finally, some speculative thought is offered regarding future directions for limited entry license programs and their roles in fisheries management.

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