Neo-classical economics, institutional economics and improved fisheries management


Burg, Tsjalle van der (2000) Neo-classical economics, institutional economics and improved fisheries management. Marine Policy, 24 (1). pp. 45-51. ISSN 0308-597X

[img] PDF
Restricted to UT campus only
: Request a copy
Abstract:According to neo-classical economists, taxes and individual transferable quotas (ITQs) are the most efficient measures for dealing with the problem of overfishing. Institutional economists, however, criticise neo-classical economists for neglecting political problems, enforcement problems and transaction costs. In relation to this, they argue that taxes and ITQs have serious weaknesses as well. Taking account of both neo-classical and institutional arguments, a new management system is proposed. The system is as efficient in the neo-classical sense as taxes and ITQs, but it also has certain advantages in view of institutional aspects.
Item Type:Article
Copyright:© 2000 Elsevier
Faculty of Behavioural, Management and Social sciences (BMS)
Research Group:
Link to this item:
Official URL:
Export this item as:BibTeX
HTML Citation
Reference Manager


Repository Staff Only: item control page

Metis ID: 100701