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Incentive-Based Approaches to Sustainable Fisheries

  • Grafton, Quentin R.
  • Arnason, Ragnar
  • Bjorndal, Trond
  • Campbell, David
  • Campbell, Harry F.
  • Clark, Colin W.
  • Connor, Robin
  • Dupont, Diane P.
  • Hannesson, Rognvaldur
  • Hillborn, Ray
  • Kirkley, James E.
  • Kompas, Tom
  • Lane, Daniel E.
  • Munro, Gordon R.
  • Pascoe, Sean
  • Squires, Dale
  • Steinshamn, Stein Ivar
  • Turris, Bruce R.
  • Weninger, Quinn

The failures of traditional target-species management have led many to propose an ecosystem approach to fisheries to promote sustainability. The ecosystem approach is necessary, especially to account for fisheryï¾–ecosystem interactions, but by itself is not sufficient to address two important factors contributing to unsustainable fisheries: inappropriate incentives bearing on fishers and the ineffective governance that frequently exists in commercial, developed fisheries managed primarily by total-harvest limits and input controls. We contend that much greater emphasis must be placed on fisher motivation when managing fisheries. Using evidence from more than a dozen natural experiments in commercial fisheries, we argue that incentive-based approaches that better specify community and individual harvest or territorial rights and price ecosystem services and that are coupled with public research, monitoring, and effective oversight promote sustainable fisheries.

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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12766.

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Date of creation: 01 Mar 2006
Date of revision:
Publication status: Published in Canadian Journal of Fisheries and Aquatic Sciences, March 2006, vol. 63 no. 3, pp. 699-710
Handle: RePEc:isu:genres:12766
Contact details of provider: Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
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