Modeling Disaster: The Failure of Management of the New England Groundfish Industry
James M. Acheson and
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James M. Acheson: University of Maine
No 23, Discussion Papers from Kyiv School of Economics
Most of the worlds' marine fisheries are overexploited or endangered, including the New England groundfishery, once one of the world’s most prolific. After 35 years of management, stock sizes and catches are lower now than ever. We argue that New England groundfishermen are caught in a prisoner’s dilemma, from which they have failed to escape. We then suggest a set of policies to get these groudnfishermen out of their dilemma.
Keywords: Fishermen's dilemma; fishery management; New England fisheries (search for similar items in EconPapers)
JEL-codes: Q22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his
Note: Revise and resubmit at the National Maritime Fisheries Journal
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Persistent link: https://EconPapers.repec.org/RePEc:kse:dpaper:23
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