This paper comments on a recent paper published in the journal Nature that claims that fisheries co-management causes successful outcomes in fisheries. We outline theoretical arguments in favor of and against co-management as an approach to solving fisheries-commons problems. We argue that the...

We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework (Becker 1965), and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...