Constrained public benefits from global catch share fisheries.

ABSTRACT: Across publicly owned natural resources, the practice of recovering financial compensation, commonly known as resource rent, from extractive industries influences wealth distribution and general welfare of society. Catch shares are the primary approach adopted to diminish the economically wasteful race to fish by allocating shares of fish quotas-public assets-to selected fishing firms. It is perceived that resource rent is concentrated within catch share fisheries, but there has been no systematic comparison of rent-charging practices with other extractive industries. Here, we estimate the global prevalence of catch share fisheries and compare rent recovery mechanisms (RRM) in the fishing industry with other extractive industries. We show that while catch share fisheries harvest 17.4 milli

SUBMITTER: Ben-Hasan A 

PROVIDER: S-EPMC8488694 | biostudies-literature | 2021 Sep

REPOSITORIES: biostudies-literature