Question

How is a fisher’s allotted share of the total catch like a property right?

Answer 1

Although challenges are facing fisheries across the world, the news is not that bad. The economic situation that surrounds the fish has spurred because of the recent policy innovations. This is because some areas have resorted to adapting property rights-based management.

The program benefits both the fishing quotas and other labels since it has a similar goal, which is to bolster the depleting of stocks and improve the economic performance of fisheries.

They are through this means; the fisher can easily trade their allotted quotas in case someone catches more than their allotment they can easily purchase an allocation from someone with a spare.