This paper formulates a simple biomass growth model of a fishery. The property rights regime is of the unregulated local common property type with a fixed number of fishermen and where the fish stock is exploited in a myopic profit-maximizing manner. Within this resource management setting it is demonstrated that...
This paper investigates how the possibility to ostracize, which is a familiar punishment mechanism to subjects in an experiment, affects harvest in a common pool resource experiment. The experiment was framed as a fishing problem and the subjects were young fishers. We find that the introduction of the possibility to...
Community-Based Fishery Management (CBFM) appears as a successful approach to avoid on tragedy of the commons in coastal fishery resources. Conditions necessary for that success are difficult to assess. Critical Enabling Conditions (CECs) are the necessary conditions to obtain institutional sustainability as the base of successful Common-Pool Resources (CPR) management...
This work analyses empirically the exploitation dynamics from 1997 to 2003, of the most important
segment of the Spanish fishing fleet operating in the EU waters, also known as “300 fleet”. The aim of the
analysis is exploring the economic consequences of the coming into force of the new approaches...