Limits to the Privatization of Fishery Resources
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.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Clark, C. W. & Lamberson, R., 1982. "An economic history and analysis of pelagic whaling," Marine Policy, Elsevier, vol. 6(2), pages 103-120, April.
- Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
- 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.