Dominic P. Parker
Department of Agricultural and Applied Economics
University of Wisconsin, Madison
Madison, WI 53706
NBER Working Papers and Publications
|September 2010||Overcoming the common pool problem through voluntary cooperation: the rise and fall of a fishery cooperative|
with Robert T. Deacon, Christopher Costello: w16339
We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish independently. Data from an Alaska commercial salmon fishery confirm our model's key predictions, that the co-op would facilitate the consolidation of fishing effort, coordination of harvest activities, sharing of information and provision of shared infrastructure. We estimate that the resulting rent gains were at least 25%. A lawsuit filed by two disgruntled independents led to the co-op's demise, an outcome also predicted by our model. Our an...
Published: Robert Deacon, Dominic Parker, and Christopher Costello. Reforming fisheries: lessons from a self-selected cooperative. Journal of Law and Economics , 56:83–125, 2013.