Can market forces balance efficiency-equity tradeoffs in marine fisheries?
The adoption of catch share fisheries system was adopted in a poor nation with a in Namibia's, an underdeveloped country in need of nutrition and commerce, shows that market-based reform is not a Western notion that conflicts with traditional values.
Despite oil spills, hurricanes and a long history of misguided federal rules, Texas’ commercial fishermen are doing better than ever thanks to new management based on free-market principles and local control.
As overfishing depletes marine resources and reduces incomes for fishermen, a new approach giving fishermen a share in their fishery is soving by an environmental and economic problem. Catch-share management with a strong local leader in charge is winning converts around the world.