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AgEcon Search >
Marine Resource Economics >
Volume 22, Number 1, 2007 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/6220
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| Title: | Virtual Population Units: A New Institutional Approach to Fisheries Management |
| Authors: | Lee, Jung-Sam
Gates, John M. |
| Authors (Email): | Lee, Jungsam (jlee8793@kmi.re.kr)
Gates, John (jgates@mail.uri.edu) |
| Keywords: | Virtual populations
virtual population units
ITQs
marginal valuation |
| JEL Codes: | Q220
Q590
C720
D830 |
| Issue Date: | 2007 |
| Abstract: | This paper describes an alternative, rights-based approach to the economic problems of fisheries management and governance. The approach is based on the concept of a Virtual Population (VP), which provides an alternative way to define use rights in a fishery management system. Included is a comparison of harvest rates under the VP regime, “sole-owner,” and open-access regimes. In comparison, a VP solution is more efficient than open access and can approach that of a sole owner. More importantly, in our opinion, the approach contains a higher degree of local control over issues such as concentration of ownership and, unlike some community-based systems, provides an explicit, decentralized incentive for conservation. It also contains a built-in incentive mechanism for end-of-year conservation that is absent from individual transferable quotas (ITQs). |
| URI: | http://purl.umn.edu/6220 |
| Institution/Association: | Marine Resource Economics>Volume 22, Number 1, 2007 |
| Total Pages: | 19 |
| From Page: | 29 |
| To Page: | 47 |
| Collections: | Volume 22, Number 1, 2007
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| 22010029.pdf | | 871Kb | PDF | View/Open |
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