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A classification of fishery management problems to aid in the analysis and proper formulation of management problems
Authors:Lee G Anderson
Institution:Associate Professor in the College of Marine Studies and Department of Economics , University of Delaware , Newark, Delaware
Abstract:Abstract

One of the most important reasons for regulating fisheries is the misallocation of resources caused by common property. Perhaps one explanation for the disagreement about what constitutes proper fisheries management is the fact that no distinction has been made between the common property problem that is somewhat unique to fisheries,’ and others, such as monopoly, monopsony, manpower training, etc., that are common to most other industries as well. It is here proposed that fisheries management be broken down, at least “conceptually, into common property management and special problem management. In this way the interrelationships between the two can be highlighted and at the same time special problem management can be viewed against the common background of the entire economy.
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