Modeling Disaster: The Failure of Management of the New England Groundfish Industry
AbstractMost of the worlds' marine fisheries are overexploited or endangered, including the New England groundfishery, once one of the world’s most prolific. After 35 years of management, stock sizes and catches are lower now than ever. We argue that New England groundfishermen are caught in a prisoner’s dilemma, from which they have failed to escape. We then suggest a set of policies to get these groudnfishermen out of their dilemma.
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Bibliographic InfoPaper provided by Kyiv School of Economics in its series Discussion Papers with number 23.
Date of creation: Apr 2010
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Note: Revise and resubmit at the National Maritime Fisheries Journal
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Fishermen's dilemma; fishery management; New England fisheries;
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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