Gísli Pálsson in this article from 1998 deals with the commoditization and pricing of environmental goods, in particular the practice and social theory of individual transferable quotas (ITQs) in fisheries, emphasizing ethnographic material related to the management system introduced in Iceland in 1984. He argues that Icelandic fisheries discourse is increasingly textual and hegemonic, dominated by marine scientists, resource economists and state officials. At the same time, the allocation and exchange of quotas are matters of an ongoing moral debate.

The virtual aquarium: Commodity fiction and cod fishing