In this paper, we analyze how public monitoring and enforcement (M\&E) efforts affect the success of a collective property right. We develop a bioeconomic model to generate several theoretical predictions, which we test empirically by assembling and analyzing novel data on public patrolling and fishing activity in the Chilean abalone...
Policy makers must ensure that regulatory frameworks contribute to the maintenance of resilient marine ecosystems. Recreational fishers add additional pressure on worldwide fish stocks to that exerted by commercial fishing, especially in coastal areas. Fishing tourism have an increasingly stronger presence in areas with growing numbers of permanent residents. Marine...