A Fractional Licensing Program for Fisheries

Ralph E. Townsend

Land Economics, 1992, vol. 68, issue 2, 185-190

Abstract: An alternative fisheries management program, the issuance of "fractional licenses," is proposed. Management would establish a target number of licenses and determine separately how many fishers qualified for participation. Management would then issue some fraction of a license to each qualifier, such that the product of the fraction times the number of qualifiers equals the target number of licenses. To fish, a fisher would have to acquire fractions totalling 100 percent. The fractional license approach permits a clearer separation of the decisions on the total level of fishing effort and the decisions on who receives fishing rights.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.jstor.org/stable/pdfplus/3146773
A subscription is required to access pdf files. Pay per article is available.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:68:y:1992:i:2:p:185-190

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().