Download Full Text (488 KB)
Virginia Institute of Marine Science
Pascoe, S.; Gréboval, D.
Measuring Capacity in Fisheries
Food And Agriculture Organization Of The United Nations
FAO FISHERIES TECHNICAL PAPER 445
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".
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.