Property Rights for Fisheries
By R. Quentin Grafton
ABSTRACT
Using a case-study of a private rights-based and a community rights-based fishery, insights are provided about the characteristics and bundle of the rights required to manage fisheries to ensure their sustainability and achieve substantial and on-going benefits to fishers. Crucial to the success of any property regime is that fishers be given a long-term and vested interest in the fishery. Where property regimes have been successful in fisheries it appears that fishers (individually and collectively) have been allocated roles in management.
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