Towards a Predictive Model for the Economic Regulation of Commercial Fisheries

1980 ◽  
Vol 37 (7) ◽  
pp. 1111-1129 ◽  
Author(s):  
Colin W. Clark
Keyword(s):  
Open Access ◽  
Economic Performance ◽  
Common Property ◽  
Commercial Fisheries ◽  
Economic Regulation ◽  
Commercial Fishery ◽  
Total Catch ◽  
Common Property Resource ◽  
Limited Entry ◽  
The Common

A model of the commercial fishery, incorporating the microeconomic decisions of individual vessel operation, is developed and employed to predict the consequences of various methods of regulation, including: (i) total catch quotas; (ii) vessel licenses; (iii) taxes on catch (or effort); (iv) allocated catch (or effort) quotas. Among the principal predictions of the analysis are: (a) total catch quotas do not improve the economic performance of an open-access fishery; (b) limited entry results in distortion of inputs unless every input is controlled; (c) taxes and allocated transferable catch quotas are theoretically equivalent to one another in terms of economic efficiency, and both are capable in principle of optimizing exploitation of the common-property fishery.Key words: economics, fishery regulation, management, quotas, licenses, taxes, fishermen's quotas, common-property resource

Vickers Hot Springs

2017 ◽  
Vol 1 (1) ◽  
pp. 1-6
Author(s):  
Jennifer M. Bernstein
Keyword(s):  
Common Good ◽  
Common Property ◽  
Hot Springs ◽  
Public Access ◽  
Common Property Resource ◽  
Resource Conflict ◽  
Social Ecological ◽  
The Commons ◽  
Local Residents ◽  
The Common

Vickers Hot Springs is located near the rural Southern California town of Ojai, and local residents have long enjoyed soaking in the sulfuric pools. But as knowledge of the springs spread, the area saw increases in fights, traffic, burglaries, and drug use. In response, two residents purchased the land and committed to restore the property while allowing limited public access, subsequently generating a great deal of controversy within the community. Privatizing Vickers Hot Springs follows the archetypical lesson of Garrett Hardin's 1968 essay, “The Tragedy of the Commons.” Hardin stated that the problem for common-pool resources was that a finite amount of services are demanded by a potentially infinite number of users, who have little to gain by sacrificing for the common good. But Hardin's theory does not always apply. Many communities have come together to manage resources, often without government oversight. Thus, the question is not whether or not Hardin's theory is accurate, but rather “under what conditions it is correct and when it makes the wrong predictions.” Case studies provide nuance to the broad brushstrokes of a theory, and whether Hardin's parable is applicable depends on the particularities of the common property resource conflict. Employing the frameworks established by Hardin, Dietz et al., and Ostrom, this paper examines the management of Vickers Hot Springs within its broader social, ecological, and political context, asking whether the particular circumstances of this resource use conflict made privatization the most predictable outcome.

scholarly journals Community forestry in Nepal: a model of common property resource management

2017 ◽  
Vol 9 (2) ◽  
pp. 36-39 ◽  
Author(s):  
K.P. Acharya
Keyword(s):  
Resource Management ◽  
Common Property ◽  
Community Forestry ◽  
Forest Land ◽  
Community Forest ◽  
Common Property Resource ◽  
User Groups ◽  
The Common ◽  
Common Property Resource Management ◽  
Forest User

The management of common forest land as community forest in Nepal is in practice since 1978. Studies showing the linkages between community forestry and common property resource are scanty in the country. This article discusses characteristics of common property resources and the principles and practices of community forestry in Nepal which is an example of common property resource management between Government agencies and users (co-managers). Forest User Groups (FUGs ) are the institutions responsible to manage the common property.

scholarly journals Bioeconomic Modeling of the Gulf Shrimp Fishery: An Application to Galveston Bay and Adjacent Offshore Areas

1978 ◽  
Vol 10 (1) ◽  
pp. 119-125 ◽  
Author(s):  
Vito Blomo ◽  
Kenneth Stokes ◽  
Wade Griffin ◽  
William Grant ◽  
John Nichols
Keyword(s):  
Economic Efficiency ◽  
Opportunity Cost ◽  
Common Property ◽  
Galveston Bay ◽  
Common Property Resource ◽  
Shrimp Fishery ◽  
The Core ◽  
The Common ◽  
The Individual ◽  
Economic Improvement

The concept of laissez-faire is widely recognized in capitalistic economies. At the core of this operating philosophy is the belief that individualistic competition will result in an economic improvement, not only for the individual but also for society. However, when this approach is tied to the exploitation of a common property resource, the outcome is just the opposite—in terms of economic efficiency the common property resource is overexploited because the factor cost to the firm does not equal the opportunity cost to society. That is, although a common property resource is a scarce good to society, it is a free good to individuals. The usual result is a level of exploitation which may endanger the future biological viability of the resource. With shrimp, however, this concern is not critical because shrimp is an annual crop; fishing will cease as a result of economic, and not biological, considerations.

scholarly journals Some Unsettled Problems of Irrigation

2011 ◽  
Vol 101 (1) ◽  
pp. 36-48 ◽  
Author(s):  
Katharine Coman
Keyword(s):  
United States ◽  
Common Property ◽  
Western United States ◽  
Common Property Resource ◽  
The Common ◽  
Lead Article

The lead article in the inaugural issue of the AER examines the common property resource problem as applied to water in the Western United States.

Mammalian Bone Marrow Acetylcholinesterase

1982 ◽  
Vol 40 ◽  
pp. 44-45
Author(s):  
Ezzatollah Keyhani
Keyword(s):  
Central Nervous System ◽  
Bone Marrow ◽  
Nervous System ◽  
Common Property ◽  
Extracellular Medium ◽  
The Central Nervous System ◽  
The Common ◽  
Mammalian Bone

Acetylcholinesterase (EC 3.1.1.7) (ACHE) has been localized at cholinergic junctions both in the central nervous system and at the periphery and it functions in neurotransmission. ACHE was also found in other tissues without involvement in neurotransmission, but exhibiting the common property of transporting water and ions. This communication describes intracellular ACHE in mammalian bone marrow and its secretion into the extracellular medium.

Sign in / Sign up

Export Citation Format

Share Document