The positive relationship between innovation and an unusually high concentration of ownership is considered in
relation to the Exmouth Gulf Limited Entry Prawn Fishery. Innovation has lead to the adoption of improved harvesting practices
and the investigation of the potential for stock enhancement. Experiences in this fishery are consistent with orthodox economic
views that effective sole ownership of a fishery is likely to improve incentives for innovations that generate real economic returns,
rather than shifting shares of the sustainable catch. Experiences in Exmouth are contrasted with other Australian prawn fisheries.
The implication drawn for other fisheries is that cooperative behaviour in a co-management framework may achieve similar
Kailis, G.M. Ownership and Innovations. In: Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.