Summary
This paper evaluates seven market-based instruments applied to wild-caught fisheries against an adapted version of the Millennium Ecosystem Assessment typology to measure how well they address marine ecosystem services. and align with the principles of ecosystem-based management. The results suggest that market-based instruments used in wild-caught fisheries do not explicitly address all marine ecosystem services in the text of their standards. While almost all address provisioning services, they generally do not address regulating, cultural, or supporting services. The findings suggest that explicitly incorporating ecosystem services into market-based instruments may offer an opportunity to better support the goals of ecosystem-based fisheries management and improve the sustainability of wild-caught fisheries.