Matching spatial property rights fisheries with scales of fish dispersal

2011 ◽  
Vol 21 (2) ◽  
pp. 350-362 ◽  
Author(s):  
Crow White ◽  
Christopher Costello
Author(s):  
Daniel T Kaffine ◽  
Christopher Costello

Abstract Spatial connectivity of renewable resources induces a spatial externality in extraction. We explore the consequences of decentralized spatial property rights in the presence of spatial externalities. We generalize the notion of unitization—developed to enhance cooperative extraction of oil and gas fields—and apply it to renewable resources which face a similar spatial commons problem. We find that unitizing a common pool renewable resource can yield first-best outcomes even when participation is voluntary, provided profit sharing rules can vary by participant.


Marine Policy ◽  
2020 ◽  
Vol 121 ◽  
pp. 104192
Author(s):  
Raquel Ruiz-Díaz ◽  
Xiaozi Liu ◽  
Alba Aguión ◽  
Gonzalo Macho ◽  
Maite deCastro ◽  
...  

2020 ◽  
Author(s):  
Colin Harris ◽  
Meina Cai ◽  
Ilia Murtazashvili ◽  
Jennifer Murtazashvili
Keyword(s):  

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