Data scarcity and weak institutional governance make the implementation of top-down, quota-based fisheries management in much of the developing world’s fisheries difficult. An alternative to quota-based management is the use of space-based rights such as territorial use rights fisheries (TURFs). In spite of wide spread use of TURFs as a...
In marine resource management, spatial policy instruments, including Marine Protected Areas, are becoming increasingly important. The economic motivation for spatially explicit policy is that renewable resources generate, in addition to the conventionally recognized incentives to over-harvest in the face of insecure property rights, spatial externalities that distort the spatial distribution...
This paper provides a brief description of the two key institutional designs of Japanese coastal fisheries and their role in cooperative fishery management. It is well known that Japanese fishery management regime utilizes fishery cooperatives, called Fishery Cooperative Associations (FCAs), which they are granted territorial user rights (called common fishing...
This paper analyzes the behavior of fishing households under individual transferable quotas (ITQ) system based on Singh, Squire and Strauss household model. ITQ system is sought to be the optimal fishery management regime in terms of economic efficiency. However, preceding theoretical analyses only considered implementing ITQ to a well established...
The recent establishment of the Galápagos Marine Reserve (GMR) presents a unique opportunity to analyze the economic implications of using zonification as a tool to manage conflicting claims to a fragile and limited resource. Recognizing that the long-term success of the GMR depends on the cooperation of all of the...