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| Author: | Edwards, S. F. |
| Title: | Property rights to multi-attribute fishery resources |
| Journal: | Ecological Economics
2003 : MAR, VOL. 44:2-3, p. 309-324 |
| Index terms: | FISHING INDUSTRY ECOLOGY MANAGEMENT RESOURCE MANAGEMENT PROPERTY RIGHTS TRANSACTION COSTS |
| Language: | eng |
| Abstract: | The United Nations' 'Code of Conduct for Responsible Fisheries' urges governments to manage multiple yield, bycatch, and habitat attributes of fishery resources. The information and enforcement costs of multi-attribute management are high, however. As a result, relatively few attributes (generally stock biomass, age structure, and growth) are specified in yield targets, exposing others (E.g. localized abundance, sex) to excessive use in the public domain. Spillovers caused by fishing gear (e.g. gear conflicts, bycatch, habitat damage) generally are regulated with catch limits and area closures that artificially divide or exclude activities which interact due to attribute jointness. |
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