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Voluntary Approaches to Transitioning from Competitive Fisheries to Rights-Based Management: Bringing the Field into the Lab

Published online by Cambridge University Press:  15 September 2016

Gunnar Knapp  and
James J. Murphy
Gunnar Knapp
Affiliation:
Economics in the Department of Economics at the University of Alaska Anchorage
James J. Murphy
Affiliation:
Economics in the Department of Economics at the University of Alaska Anchorage
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Abstract

This paper describes a novel experiment designed to examine how rent dissipation may occur in fisheries in which the right to participate is limited and fishermen compete amongst themselves for shares of an exogenous total allowable catch. We demonstrate that rent dissipation may occur through multiple mechanisms, and that the heterogeneity of fishermen has important implications for how rent dissipation occurs and the extent to which different individuals may benefit from the implementation of rights-based management. We apply this approach to investigate the concept of voluntary rights-based management under which managers divide the total allowable catch between two separate fisheries, and fishermen may choose between fishing for a guaranteed individual harvest quota and competing for a share of the total catch in a competitive fishery.

Keywords

experimental economicsfisheriesrights-based managementIHQ
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 39 , Issue 2 , April 2010 , pp. 245 - 261
Copyright
Copyright © 2010 Northeastern Agricultural and Resource Economics Association 

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