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

Listed author(s):
  • Holland, Daniel S.
  • Wiersma, Joshua
Registered author(s):

    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.

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    Article provided by Elsevier in its journal Marine Policy.

    Volume (Year): 34 (2010)
    Issue (Month): 5 (September)
    Pages: 1076-1081

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    Handle: RePEc:eee:marpol:v:34:y:2010:i:5:p:1076-1081
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