On Demand-side Approaches to Solving the "Tragedy of High Prices" in Fisheries Public Deposited

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  • While overfishing frequently is explained in terms of «the Tragedy of the Commons» model, it is argued that the economic causes of such long-run resource problems could be more accurately characterised in terms of a «Tragedy of High Prices» due to landings prices exceeding fishing costs at the socially optimal level of resource use. In tackling over-exploitation problems, the feasibility and relative efficiency of demand-side measures in attaining management objectives without necessitating introduction of other fishing rights is discussed. Distributional issues associated with using a market mechanism to allocate use rights and potential adoption of demand-side measures within a co-management framework are considered. Despite apparently desirable properties, solutions based upon demand-side regulation have been much neglected in the literature, and rarely put into practice. Discussion of such systems provides a contribution towards the continuing debate regarding how best to improve fisheries management, to ensure that economic rents are neither purely dissipated, nor simply captured by a first generation of resource users.
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  • Valatin, G. On Demand-side Approaches to Solving the "Tragedy of High Prices" in Fisheries. 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.
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  • Johnston, Richard S.
  • Shriver, Ann L.
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  • description.provenance : Submitted by Janet Webster (janet.webster@oregonstate.edu) on 2012-07-06T22:32:28Z No. of bitstreams: 1 277.pdf: 65109 bytes, checksum: d7d675d61111cb8da768bc3d181d910f (MD5)
  • description.provenance : Made available in DSpace on 2012-07-06T22:32:28Z (GMT). No. of bitstreams: 1 277.pdf: 65109 bytes, checksum: d7d675d61111cb8da768bc3d181d910f (MD5) Previous issue date: 2001

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