This book examines the development of property rights in marine fisheries, and asks whether the obstacles to their continued development cannot be more easily overcome. The contributed chapters generally focus on the consequences of a lack of property rights of commercial and small-time fishers globally. National governments have recognized that the absence of such rights coupled with the technological advances in commerical fishing have resulted in widespread economic and environmental problems (e.g., overfishing, bycatching, highgrading, increased physical dangers, and lower profits). The most significant solution to these problems, and the predominate concern of this book, is the institution of Individual Transferable Quotas (ITQs), also known as Individual Fishing Quotas (IFQs). These are national and global policies, public- and private-sector managed allocations of the amount of various species of fish, at certain qualities can be harvested at particular times by fishers.

"Increasing coastal populations, rising recreational demand, and growing conflicts with other users are adding to the challenge of managing marine recreational fisheries today. Traditional regulations - such as daily bag limits and seasonal closures - are often not enough to control fishing impacts and they tend to generate greater discontent and lower economic benefits in the angling community as they become more restrictive. This volume is the first to examine management approaches that promise to better control fishing, generate more information on fishing impacts, and give anglers more freedom to enjoy their sport."--BOOK JACKET.

This handbook is the most comprehensive and interdisciplinary work on marine conservation and fisheries management ever compiled. It is the first to bridge fisheries and marine conservation issues. Its innovative ideas, detailed case studies, and governance framework provide a global special perspective over time and treat problems in the high seas, community fisheries, industrial fishing, and the many interactions between use and non-use of the oceans. Its policy tools and ideas for overcoming the perennial problems of over fishing, habitat and biodiversity loss address the facts that many marine ecosystems are in decline and plagued by overexploitation due to unsustainable fishing practices. An outstanding feature of the book is the detailed case-studies on conservation practice and fisheries management from around the world. These case studies are combined with 'foundation' chapters that provide an overview of the state of the marine world and innovative and far reaching perspectives about how we can move forward to face present and future challenges. The contributors include the world's leading fisheries scientists, economists, and managers. Ecosystem and incentive-based approaches are described and complemented by tools for cooperative, participatory solutions. Unique themes treated: fisher behavior and incentives for management beyond rights-based approaches; a synthesis of proposed 'solutions'; a framework for understanding and overcoming the critical determinants of the decline in fisheries, degradation of marine ecosystems, and poor socio-economic performance of many fishing communities; models for innovative policy instruments; a plan of action and adoption pathways to promote sustainable fishing practices globally. Collectively, the handbook's many valuable contributions offer a way forward to both understanding and resolving the multifaceted problems facing the world's oceans.

Individuals' rights to use natural resources have long existed. This book traces the historical development of these rights and looks at how individuals' rights have evolved. Each chapter focuses on a single natural resource property right, noting the impact of technology, the role of the common law courts, and the increasing role of government.

New Institutional Economics (NIE) has skyrocketed in scope and influence over the last three decades. This first Handbook of NIE provides a unique and timely overview of recent developments and broad orientations. Contributions analyse the domain and perspectives of NIE; sections on legal institutions, political institutions, transaction cost economics, governance, contracting, institutional change, and more capture NIE's interdisciplinary nature. This Handbook will be of interest to economists, political scientists, legal scholars, management specialists, sociologists, and others wishing to learn more about this important subject and gain insight into progress made by institutionalists from other disciplines. This compendium of analyses by some of the foremost NIE specialists, including Ronald Coase, Douglass North, Elinor Ostrom, and Oliver Williamson, gives students and new researchers an introduction to the topic and offers established scholars a reference book for their research.

The shift away from the management of individual resources to the broader perspective of ecosystems is no longer confined to academia and think tanks where it first began; the ecosystem paradigm also is beginning to take root in government policy and programs. This volume provides innovative and timely approaches for improving and sustaining socioeconomic benefits from LMEs. The authors describe methodologies and actions for moving forward in halting the downward resource sustainability spiral and advancing toward the recovery of depleted fish stocks, restoration of degraded habitats, and reduction and control of pollution within the framework of an ecosystem-based approach for the governance of LMEs. * First book to ever publish that focuses on the human dimension of large marine ecosystem management * Offers set of guidelines for possible interrelationship management programs * Addresses taxing issues and problems pertaining to the world's marine ecosystems * Provides a matrix of the interdependence of economic, social, cultural and governance elements