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- W2049743081 abstract "Abstract This essay examines the management system created under the terms of the Fishery Conservation and Management Act of 1976 as an example of a restricted common property regime. Both the origins and the operation of the regime are analyzed in detail. Additionally, the performance of the regime is assessed in terms of evaluative criteria like allocative efficiency, noneconomic values, equity, transaction costs, and durability. This case study points out a number of serious shortcomings of the FCMA regime and offers no basis for concluding that restricted common property constitutes a trouble‐free option in the marine fisheries or in any other realm. Nonetheless, the argument suggests that restricted common property not only has advantages over the traditional unrestricted or open‐to‐entry common property regime in the marine fisheries, it also seems more likely to yield satisfactory results than any other alternative that comes to mind." @default.
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- W2049743081 date "1982-01-01" @default.
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- W2049743081 title "The political economy of fish: The fishery conservation and management act of 1976" @default.
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- W2049743081 doi "https://doi.org/10.1080/00908328209545681" @default.
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