RTI (“Real-Time Incentives”) outperforms traditional management in a simulated mixed fishery and cases incorporating protection of vulnerable species and areas

•RTI assigns credits to fishers to spend according to spatiotemporal tariffs.•RTI integrates management of fishery targets and protected species and sites.•RTI can control F on choke species and allow fishing opportunity for other species.•In simulations RTI outperforms effort management and management by TAC and TAL.•RTI appears ready for case-study testing by MSE with stakeholder consultation.