Property Rights: Creating Incentives and Tools for Sustainable Fisheries Management

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The keynote address to the Tri-State Rock Lobster Industry Conference, held in Adelaide, Australia, on September 8, 1997. In it, Elizabeth Brubaker argues that governments should put control over fisheries into the hands of fishers. She examines the political pressures and bureaucratic structures that deprive government managers of the incentives and tools necessary to make sustainable decisions. She calls for systems of self-managed ownership that remove decisions about catches and habitat from the political arena.

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New Zealand having problems with fishery quota system

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f the landlubbers in the reading au­dience will indulge me for another col­umn, I will elaborate a bit further on conserving fish stocks through privatiz­ing marine fish quotas. The primary mechanism for this is assigning indi­vidual transferable quotas (ITQs). We only have to look at Canadian experi­ence with ITQs to know it will not work.
 

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