Tradeable Property Rights And Overcapacity: The Case Of The Fishery

Authors

Dale Squires
Yongil Jeon
R. Quentin Grafton
James E. Kirkley, Virginia Institute of Marine Science

Files

Document Type

Book Chapter

Department/Program

Virginia Institute of Marine Science

Editors

Pascoe, S.; Gréboval, D.

Publication Date

2003

Book Title

Measuring Capacity in Fisheries

Publisher

Food And Agriculture Organization Of The United Nations

City

Rome

Series

FAO FISHERIES TECHNICAL PAPER 445

Abstract

In fisheries, overcapacity is a critical problem that reduces rents and jeopardizes the sustainability of stocks. Using data from the British Columbia (BC) halibut fishery, before and after tradeable property rights were adopted in the harvesting sector, the paper tests for the effects of private rights on capacity and capacity utilization. The results indicate that tradeable property rights can be effective, even in the short-term, at reducing capacity per vessel per day and provide incentives to help overcome the "Tragedy of the Commons".

ISBN

92-5-104974-2

Recommended Citation

Squires, Dale; Jeon, Yongil; Grafton, R. Quentin; and Kirkley, James E., "Tradeable Property Rights And Overcapacity: The Case Of The Fishery" (2003). VIMS Books and Book Chapters. 62.
https://scholarworks.wm.edu/vimsbooks/62