Jonathan Adler, Nathaniel Stewart
Ending the tragedy of the oceans: How property rights can save the world's fisheries.
Many environmental problems are exaggerated. The threats facing marine fisheries, however, are quite real. There is a growing consensus among fishery experts that greater reliance on private-property rights can prevent overfishing and ensure sustainability.
Whether a given species is at risk of extinction may be a scientific question, but what to do about it is not. What conservation measures should be adopted to address such threats, and at what cost, are policy questions, says Jonathan Adler