The fundamental externality of a common property, that is considered a fishery, was introduced by Hardin (1968). One the ideas presented by Hardin: the landings that one fisherman obtains depend on the
mortality rate applied by him and by the on the available biomass which depends on the total exploitation...
Published August 1967. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
Predators are fundamentally important for regulating and driving prey population dynamics as well as structuring ecological communities. Over-exploitation of marine resources has caused dramatic depletions of predatory fish species and shifts in marine community composition, with attendant declines in productivity and diversity of marine ecosystems. Despite the important ramifications of...