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Limits to the privatization of fishery resources

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  • A debate is emerging over the extent to which privatization of fishery resources – private ownership and resource management without significant state oversight- is practical and socially desirable. What we term the “optimists” maintain that there are no effective limits to privatization and that the decades old fear that privatization could, in some cases, lead to resource extinction are baseless, and of theoretical interest only. This paper attempts to add to the debate by arguing that the fears are, regrettably, not at all baseless and that there are, in fact, definite limits to socially desirable privatization. The paper goes on to discuss means, by which such limits could be identified, on a fishery by fishery basis.
  • KEYWORDS: Privatization, Existence value, Fishery resources, Marginal stock effects, Fisheries economics, Dedicated access privileges
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  • Clark, Colin, Gordon Munro and U. Rashid Sumaila. 2008. Limits to the Privatization of Fishery Resources. 11 pages. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, The Department of Fisheries and Oceans, Canada; Aquaculture CRSP and AquaFish CRSP; Minh Phu Seafood Corporation; Vietnam Datacommunication Company (VDC); Camau Frozen Seafood Processing Import Export Corporation (Camimex); Long Sinh Limited Company; Mai Linh Group and Nam Viet Corporation.
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