This paper examines the generation of resource rent during the transition from an over-exploited to an efficiently managed fishery. A simple theoretical model is used to demonstrate that current industry returns may below or even negative during this adjustment phase. A case in point is the New...

The West Coast Rock Lobster fishery is Australia's most valuable commercial fishery. Around 550 vessels harvest an average of 10,500 tonnes of lobster per annum. The industry has an enviable track record of biological management based on a variety of input controls, although three significant...

A prevalent problem in shared fisheries is competition between commercial and recreational fishers for access to a resource that is subject to increasing utilisation pressure. For most shared fisheries in New Zealand, the commercial sector is efficiently managed with a regime of individual...

Notwithstanding the ambiguous research and productivity promoting effects of plant variety protections (PVPs), even in developed countries, many developing countries have adopted PVPs in the past few years, in part to comply with their Trade-Related Aspects of Intellectual Property Rights...

The United States was the first country in the world to explicitly offer intellectual property protection for plant varieties. Beginning in 1930, asexually reproduced plants were afforded plant patent protection, in 1970 sexually propagated plants could be awarded plant variety protection...