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Private Property Rights And Crises In World Fisheries: Turning The Tide?

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  • R. QUENTIN GRAFTON
  • DALE SQUIRES
  • JAMES E. KIRKLEY

Abstract

This paper addresses the crises in the world's fisheries involving dwindling stocks, overcapitalization, and jurisdiction disputes from a property rights perspective. In particular, it examines the causes of the problems fishers face and explores the potential of privatizing the right to catch fish as a means to address the crises. The analysis assesses experiences of private harvesting rights with reference to monitoring and enforcement, allocating rights, economic benefits, adjustments in the fishery, and resource rents. It also examines issues such as fluctuating fish stocks, straddling stocks and high seas fisheries, and the endemic poverty of many artisanal fisheries in the context of current fisheries practice. Copyright 1996 Western Economic Association International.

Suggested Citation

  • R. Quentin Grafton & Dale Squires & James E. Kirkley, 1996. "Private Property Rights And Crises In World Fisheries: Turning The Tide?," Contemporary Economic Policy, Western Economic Association International, vol. 14(4), pages 90-99, October.
  • Handle: RePEc:bla:coecpo:v:14:y:1996:i:4:p:90-99
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    References listed on IDEAS

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    1. Parzival Copes, 1986. "A Critical Review of the Individual Quota as a Device in Fisheries Management," Land Economics, University of Wisconsin Press, vol. 62(3), pages 278-291.
    2. James E. Wilen, 1993. "Enhancing Economic Analysis for Fishery Management: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(5), pages 1198-1199.
    3. Ralph E. Townsend, 1990. "Entry Restrictions in the Fishery: A Survey of the Evidence," Land Economics, University of Wisconsin Press, vol. 66(4), pages 359-378.
    4. Wade, Robert, 1987. "The Management of Common Property Resources: Collective Action as an Alternative to Privatisation or State Regulation," Cambridge Journal of Economics, Oxford University Press, vol. 11(2), pages 95-106, June.
    5. Edella Schlager & Elinor Ostrom, 1992. "Property-Rights Regimes and Natural Resources: A Conceptual Analysis," Land Economics, University of Wisconsin Press, vol. 68(3), pages 249-262.
    6. Grafton R. Quentin, 1995. "Rent Capture in a Rights-Based Fishery," Journal of Environmental Economics and Management, Elsevier, vol. 28(1), pages 48-67, January.
    7. Barston, Ronald, 1995. "United Nations Conference on straddling and highly migratory fish stocks," Marine Policy, Elsevier, vol. 19(2), pages 159-166, March.
    8. S. V. Ciriacy-Wantrup, 1971. "The Economics of Environmental Policy," Land Economics, University of Wisconsin Press, vol. 47(1), pages 36-45.
    9. Nowak, Robert, 1992. "Scotia-Fundy herring purse seine fishery : Some economic considerations," Marine Policy, Elsevier, vol. 16(3), pages 183-196, May.
    10. Anderson, Lee G., 1991. "A note on market power in ITQ fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 21(3), pages 291-296, November.
    11. Squires, Dale & Kirkley, James, 1991. "Production quota in multiproduct pacific fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 21(2), pages 109-126, September.
    12. Grafton R. Quentin, 1994. "A Note on Uncertainty and Rent Capture in an ITQ Fishery," Journal of Environmental Economics and Management, Elsevier, vol. 27(3), pages 286-294, November.
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    Citations

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    Cited by:

    1. R. Quentin Grafton & Ragnar Arnason & Trond Bjorndal & David Campbell & Harry F. Campbell & Colin W. Clark & Robin Connor & Diane P. Dupont & Rognvaldur Hannesson & Ray Hilborn & James E. Kirkley & To, 2005. "Incentive-based approaches to sustainable fisheries (now replaced by EEN0508)," Economics and Environment Network Working Papers 0501, Australian National University, Economics and Environment Network.
    2. Carsten Lynge Jensen, 1999. "A Critical Review of the Common Fisheries Policy," Working Papers 6/99, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    3. Fox, Kevin J. & Grafton, R. Quentin & Kirkley, James & Squires, Dale, 2003. "Property rights in a fishery: regulatory change and firm performance," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 156-177, July.
    4. Costello, Christopher & Polasky, Stephen, 2008. "Optimal harvesting of stochastic spatial resources," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 1-18, July.
    5. R. Quentin Grafton & Daniel E. Lane, 1998. "Canadian Fisheries Policy: Challenges and Choices," Canadian Public Policy, University of Toronto Press, vol. 24(2), pages 133-147, June.
    6. Grafton, R Quentin & Squires, Dale & Fox, Kevin J, 2000. "Private Property and Economic Efficiency: A Study of a Common-Pool Resource," Journal of Law and Economics, University of Chicago Press, vol. 43(2), pages 679-713, October.
    7. Sethi, Gautam & Costello, Christopher & Fisher, Anthony & Hanemann, Michael & Karp, Larry, 2005. "Fishery management under multiple uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 300-318, September.
    8. R. Quentin Grafton & Tom Kompas, 2014. "Three Pillars of Fisheries Policy," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 1(3), pages 609-614, September.
    9. John McMillan, 2004. "Using Markets to Help Solve Public Problems," NBER Chapters,in: Governance, Regulation, and Privatization in the Asia-Pacific Region, NBER East Asia Seminar on Economics, Volume 12, pages 73-92 National Bureau of Economic Research, Inc.
    10. Dupont, Diane P. & Grafton, R. Quentin & Kirkley, James & Squires, Dale, 2002. "Capacity utilization measures and excess capacity in multi-product privatized fisheries," Resource and Energy Economics, Elsevier, vol. 24(3), pages 193-210, June.

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