This paper deals with the time consistency problem associated with buyback schemes, arising from the fact that the schemes may be anticipated by vessel owners. After reviewing and elaborating upon the key results of our recently published article on buybacks and limited-entry programs, we...

A debate is emerging over the extent to which privatization of fishery resources is socially desirable. The "pessimists" argue that there are strict limits to socially optimal privatization of such resources. The "optimists" maintain that there are no effective limits to privatization and that...

An Introduction to the special issue on Recent Developments in Fisheries Economics