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Limits to the Privatization of Fishery Resources

  • Colin W. Clark
  • Gordon R. Munro
  • U. Rashid Sumaila

A debate is emerging over the extent to which privatization of fishery resources is socially desirable. The "pessimists" argue that there are strict limits to socially optimal privatization of such resources. The "optimists" maintain that there are no effective limits to privatization and that the decades old fear that privatization could, in some cases, lead to resource extinction are of theoretical interest only. We argue here that these fears are, regrettably, not baseless and that there are definite limits to socially desirable privatization. We discuss means by which such limits could be identified on a fisherybyfishery basis.

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Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 86 (2010)
Issue (Month): 2 ()
Pages: 209-218

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Handle: RePEc:uwp:landec:v:86:y:20010:i:2:p:209-218
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  1. Clark, C. W. & Lamberson, R., 1982. "An economic history and analysis of pelagic whaling," Marine Policy, Elsevier, vol. 6(2), pages 103-120, April.
  2. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
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