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Incentive-Based Approaches to Sustainable Fisheries

R. Quentin Grafton, Ragnar Arnason, Trond Bjorndal, David Campbell, Harry Campbell (), Colin W. Clark, Robin Connor, Diane Dupont, Rognvaldur Hannesson, Ray Hillborn, James E. Kirkley, Tom Kompas, Daniel E. Lane, Gordon R. Munro, Sean Pascoe, Dale Squires, Stein Ivar Steinshamn, Bruce R. Turris and Quinn Weninger ()

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: The failures of traditional target-species management have led many to propose an ecosystem approach to fisheries to promote sustainability. The ecosystem approach is necessary, especially to account for fishery-ecosystem interactions, but by itself is not sufficient to address two important factors contributing to unsustainable fisheries: inappropriate incentives bearing on fishers and the ineffective governance that frequently exists in commercial, developed fisheries managed primarily by total-harvest limits and input controls. We contend that much greater emphasis must be placed on fisher motivation when managing fisheries. Using evidence from more than a dozen natural experiments in commercial fisheries, we argue that incentive-based approaches that better specify community and individual harvest or territorial rights and price ecosystem services and that are coupled with public research, monitoring, and effective oversight promote sustainable fisheries.

Date: 2006-03-01
New Economics Papers: this item is included in nep-env and nep-exp
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Published in Canadian Journal of Fisheries and Aquatic Sciences, March 2006, vol. 63 no. 3, pp. 699-710

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