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A Fractional Licensing Program for Fisheries

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  • Ralph E. Townsend

Abstract

An alternative fisheries management program, the issuance of "fractional licenses," is proposed. Management would establish a target number of licenses and determine separately how many fishers qualified for participation. Management would then issue some fraction of a license to each qualifier, such that the product of the fraction times the number of qualifiers equals the target number of licenses. To fish, a fisher would have to acquire fractions totalling 100 percent. The fractional license approach permits a clearer separation of the decisions on the total level of fishing effort and the decisions on who receives fishing rights.

Suggested Citation

  • Ralph E. Townsend, 1992. "A Fractional Licensing Program for Fisheries," Land Economics, University of Wisconsin Press, vol. 68(2), pages 185-190.
  • Handle: RePEc:uwp:landec:v:68:y:1992:i:2:p:185-190
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