IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v86y20010i2p209-218.html
   My bibliography  Save this article

Limits to the Privatization of Fishery Resources

Author

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

Abstract

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.

Suggested Citation

  • Colin W. Clark & Gordon R. Munro & U. Rashid Sumaila, 2010. "Limits to the Privatization of Fishery Resources," Land Economics, University of Wisconsin Press, vol. 86(2), pages 209-218.
  • Handle: RePEc:uwp:landec:v:86:y:20010:i:2:p:209-218
    as

    Download full text from publisher

    File URL: http://le.uwpress.org/cgi/reprint/86/2/209
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Clark, C. W. & Lamberson, R., 1982. "An economic history and analysis of pelagic whaling," Marine Policy, Elsevier, pages 103-120.
    2. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ren, Bijie & Polasky, Stephen, 2014. "The optimal management of renewable resources under the risk of potential regime shift," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 195-212.
    2. repec:eee:ecolec:v:142:y:2017:i:c:p:91-103 is not listed on IDEAS
    3. R. Quentin Grafton & Tom Kompas & Long Chu & Nhu Che, 2010. "Maximum economic yield," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, pages 273-280.
    4. Sebastian Villasante & David Rodríguez-González & Manel Antelo, 2013. "On the Non-Compliance in the North Sea Cod Stock," Sustainability, MDPI, Open Access Journal, vol. 5(5), pages 1-20, May.
    5. Lars Ravensbeck & Ayoe Hoff & Hans Frost, 2016. "Implications for fisheries management by inclusion of marine ecosystem services," IFRO Working Paper 2016/12, University of Copenhagen, Department of Food and Resource Economics.
    6. Martin F. Quaas & Ralph Winkler, 2017. "A Market Mechanism for Sustainable and Efficient Resource Use under Uncertainty," CESifo Working Paper Series 6524, CESifo Group Munich.
    7. Stoeven, Max T. & Quaas, Martin F., 2012. "Privatizing renewable resources: Who gains, who loses?," Economics Working Papers 2012-02, Christian-Albrechts-University of Kiel, Department of Economics.
    8. World Bank, 2012. "Pacific Islands - Fisheries sector engagement strategy," World Bank Other Operational Studies 2730, The World Bank.
    9. Teh, Louise S.L. & Teh, Lydia C.L. & Rashid Sumaila, U., 2014. "Time preference of small-scale fishers in open access and traditionally managed reef fisheries," Marine Policy, Elsevier, pages 222-231.
    10. Robert Stephen Hawkshaw & Sarah Hawkshaw & U. Rashid Sumaila, 2012. "The Tragedy of the “Tragedy of the Commons”: Why Coining Too Good a Phrase Can Be Dangerous," Sustainability, MDPI, Open Access Journal, vol. 4(11), pages 1-10, November.
    11. Terry L. Anderson & Ragnar Arnason & Gary D. Libecap, 2010. "Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management," NBER Working Papers 16519, National Bureau of Economic Research, Inc.
    12. Hans Frost & Peder Andersen & Ayoe Hoff, 2013. "Management of Complex Fisheries: Lessons Learned from a Simulation Model," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 61(2), pages 283-307, June.
    13. Hansen, Lars Gårn & Jensen, Frank & Russell, Clifford, 2013. "Instrument choice when regulators are concerned about resource extinction," Resource and Energy Economics, Elsevier, vol. 35(2), pages 135-147.

    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:86:y:20010:i:2:p:209-218. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://le.uwpress.org/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.