Voluntary Approaches to Transitioning from Competitive Fisheries to Rights-Based Management: Bringing the Field into the Lab

Gunnar Knapp () and James Murphy
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Gunnar Knapp: Department of Economics, University of Alaska Anchorage

No 2010-05, Working Papers from University of Alaska Anchorage, Department of Economics

Abstract: This paper describes a novel experiment designed to examine how rent dissipation may occur in fisheries in which the right to participate in the fishery is limited and fishermen compete amongst themselves for shares of an exogenous total allowable catch. We demonstrate that rent dissipation may occur through multiple mechanisms, and that the heterogeneity of fishermen has important implications for how rent dissipation occurs and the extent to which different individuals may benefit from the implementation of rights-based management. We apply this approach to investigate the concept of voluntary rights-based management under which managers divide the total allowable catch between two separate fisheries, and fishermen may choose between fishing for a guaranteed individual harvest quota or competing for a share of the total catch in a competitive fishery.

Keywords: Experimental economics; fisheries; laboratory experiments; resource economics (search for similar items in EconPapers)
JEL-codes: C90 Q10 Q20 Q30 Q50 (search for similar items in EconPapers)
Date: 2010-01
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Citations: View citations in EconPapers (6)

Published in Agricultural and Resource Economics Review, 39(2):245-261

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http://www.econpapers.uaa.alaska.edu/RePEC/ala/wpaper/ALA201005.pdf (application/pdf)

Related works:
Journal Article: Voluntary Approaches to Transitioning from Competitive Fisheries to Rights-Based Management: Bringing the Field into the Lab (2010)
Journal Article: Voluntary Approaches to Transitioning from Competitive Fisheries to Rights-Based Management: Bringing the Field into the Lab (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ala:wpaper:2010-05

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