On the John Batchelor Show, Gary Libecap discusses the property rights alternative to international whaling agreements. This catch-share alternative would give individuals a stake in the whale fishery, which would likely improve the stock and lead to its long-term health.
How catch shares are helping to restore fish populations.
How the strength of property rights to individual extractive firms affects a regulator’s choice over exploitation rates for a natural resource
Economists Steve Miller and Robert Deacon examine the management of bycatch in the U.S. West Coast groundfish fishery.