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Conservation Incentives in a Complex Fishery

By James A. Wilson

ABSTRACT

This paper looks at the property rights/management problem on the assumption that the biological and human environment of fisheries corresponds with what is defined as a complex adaptive system. These systems are characterized by:
  1. a large number of interacting components,
  2. generally non-linear relationships that mark those interactions and
  3. adaptive responses by system components.


Each of these characteristics raise questions about the timing, clarity and scale of feedback that might be present in such systems and the kinds of property and management structures that might be required to capture and learn from this feedback or lack of feedback. This paper analyzes the alignment of individual incentives and the social goal of conservation under various property rights and management regimes.

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