The Use and Design of Rights and Tenure Based Management Systems for Transboundary Stocks in the Caribbean
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FAO Subregional Office for Latin America and the the Caribbean ;
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The study makes an analysis of the motivating factors for rights based approaches in order to address the common pool fishery problems which dissipates rents. The author states that the answer to common property associated problems for fisheries resources is to secure rights to the fishery to end the race to fish and put proper incentives in place to increase wealth and sustainability. The paper describes the characteristics of strong rights and several rights based approaches in commercial and recreational fisheries for billfish