Sea Change How Markets and Property Rights Could Transform the Fishing Industry How Markets and Property Rights Could Transform the Fishing Industry 1st Edition by Richard Wellings (Editor) 0255367414 9780255367417

Sea Change How Markets and Property Rights Could Transform the Fishing Industry How Markets and Property Rights Could Transform the Fishing Industry 1st Edition Richard Wellings (Editor) – Ebook Instant Download/Delivery ISBN(s): 9780255367417,0255367414

Product details:

• ISBN 10:0255367414
• ISBN 13: 9780255367417
• Author: Richard Wellings

Government management of fisheries has been little short of disastrous. In many regions, valuable fish stocks have collapsed as a result of overfishing. Ill-conceived regulation also means that every year millions of tons of edible fish are thrown back dead into the sea. While an absence of established property rights means that wild fish are vulnerable to overfishing, the problem is greatly exacerbated by large subsidies. State intervention has created significant overcapacity in the industry and undermined the economic feedback mechanisms that help to protect stocks. This short book sets out a range of policy options to improve outcomes. As well as ending counterproductive subsidies, these include community-based management of coastal zones and the introduction of individual transferable quotas.

Table contents:

1 Introduction
2 Subsidising decline: government intervention in the fishing industry
3 The European Common Fisheries Policy
4 Governing the fisheries: insights from Elinor Ostrom’s work
5 Rights-based ocean fishing in Iceland

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