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Various cultures have come up with their own methods to limit catch size and prevent fishery collapse. In old Hawaii, certain fishing grounds near shore could be used only by certain individuals. And among lobstermen in Maine, strict territorial rights are handed out so that only certain people can harvest lobsters in certain waters. Discuss specifically how these systems provide incentives for conservation. Then think about the enforcement of these property rights.
Do you think similar systems could be successfully enforced for deep-sea fishing, far off shore?
11. Aquaculture is the growing of fish, shrimp, and other seafood in enclosed cages or ponds. The cages and ponds not only keep the seafood from swimming away but also provide aquaculturalists with strong property rights over their animals. Does this provide a good incentive for low-cost production as compared with fishing in the open seas where there are few if any property rights?
12. LAST WORD The figure in the Last Word section shows that a 10-fold increase in a country’s GDP per person is associated with about a 20-point increase in EPI. On the other hand, GDP per person was $48,112 in the United States in 2011 but $83,383 in Switzerland despite the fact that Switzerland had an EPI score of 76.69, while the United States had an EPI score of only 56.59. So does getting rich guarantee doing well environmentally? Discuss.
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