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Free form property rights for fisheries: The decentralized design of rights-based management through groundfish "sectors" in New England

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  • Holland, Daniel S.
  • Wiersma, Joshua

Abstract

Harvest cooperatives were implemented in several US fisheries over the last decade during a period when US law prohibited implementation of any new individual fishery quota (IFQ) systems. Harvest cooperatives provided an alternative to individual quotas as a means to end the race for fish and increase fishery profitability. The prohibition on new IFQ systems in the US was lifted, but harvest cooperatives remain a more feasible and perhaps a superior alternative to IFQs for some fisheries. The New England Fishery Management Council is on the verge of implementing a new management system for the groundfish fishery based on harvest cooperatives known as "sectors". This paper describes the New England sector management system and discusses a number of advantages but also some drawbacks relative to IFQs. It argues that a hybrid of the two approaches could have advantages over either.

Suggested Citation

  • Holland, Daniel S. & Wiersma, Joshua, 2010. "Free form property rights for fisheries: The decentralized design of rights-based management through groundfish "sectors" in New England," Marine Policy, Elsevier, vol. 34(5), pages 1076-1081, September.
  • Handle: RePEc:eee:marpol:v:34:y:2010:i:5:p:1076-1081
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    Citations

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    Cited by:

    1. Kathleen Segerson, 2013. "Voluntary Approaches to Environmental Protection and Resource Management," Annual Review of Resource Economics, Annual Reviews, vol. 5(1), pages 161-180, June.
    2. Zhou, Rong & Segerson, Kathleen, 2014. "Individual vs. Collective Quotas in Fisheries Management: Efficiency and Distributional Impacts," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170601, Agricultural and Applied Economics Association.
    3. Call, Isabel L. & Lew, Daniel K., 2015. "Tradable permit programs: What are the lessons for the new Alaska halibut catch sharing plan?," Marine Policy, Elsevier, vol. 52(C), pages 125-137.

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