This book examines the development of property rights in marine fisheries, and asks whether the obstacles to their continued development cannot be more easily overcome. The contributed chapters generally focus on the consequences of a lack of property rights of commercial and small-time fishers globally. National governments have recognized that the absence of such rights coupled with the technological advances in commerical fishing have resulted in widespread economic and environmental problems (e.g., overfishing, bycatching, highgrading, increased physical dangers, and lower profits). The most significant solution to these problems, and the predominate concern of this book, is the institution of Individual Transferable Quotas (ITQs), also known as Individual Fishing Quotas (IFQs). These are national and global policies, public- and private-sector managed allocations of the amount of various species of fish, at certain qualities can be harvested at particular times by fishers.
Donald R. Leal is a senior associate of PERC. In addition to his numerous articles on natural resources and environmental policy, Leal is the co-author with Terry L. Anderson of Enviro-Capitalist: Doing Good While Doing Well, which received the 1997 Choice Outstanding Academic Award and co-editor with Roger E. Meiners of Government vs. Environment (2002). Both volumes are included in the Political Economy Forum Series.
Chapter 1 Fencing the Fishery: A Primer on Rights-Based Fishing Chapter 2 The Privatization of the Oceans Chapter 3 Property Rights and the Texture of Rents in Fisheries Chapter 4 Potential Benefits of Rights-Based Management in the Reef Fish Fishery Chapter 5 Property Rights and the Management of Multiple-Use Fisheries Chapter 6 Rents for the Taking in the U.S. Atlantic Sea Scallop Fishery Chapter 7 Producer Organizations and Agreements in Fisheries: Integrating Regulation and Coasean Bargaining Chapter 8 Antitrust Barriers to Cooperative Fishery Management Chapter 9 Iceland's ITQ System and the Problem of Political Acceptability Chapter 10 ITQs and Beyond in New Zealand Fisheries Chapter 11 Developing a Co-management Approach in New Zealand Fisheries Chapter 12 Property Rights, Fisheries, Aquaculture, and the Future