I understand Iceland and New Zealand has systems with property rights for fishing grounds, which has solved these problems.
I understand Iceland and New Zealand has systems with property rights for fishing grounds, which has solved these problems.
It went even as far as stopping all fishing of herring in 1977-1982. That worked (in the sense of “herring didn’t go extinct, so there still is something to catch”)
> "every year, the European Commission makes recommendations on the Total Allowable Catch (TAC) to the Council of Ministers based on scientific evidence. The Council of Ministers, however, often disregards these recommendations because, as a rule, the priority for these ministers seems to protect jobs in the short term, not to maintain sustainability. As a consequence, the annual catch agreed to by the Council of Ministers is generally around 48 per cent more than the scientists’ recommended figure. The fact that 88 per cent of European fish stocks, measured against maximum sustainable yield (MSY), are overexploited is due in part to these excessively high catch quotas."
From https://worldoceanreview.com/en/wor-1/fisheries/fisheries-ma...
I am not quite sure what you mean by property rights and what it means in reference to other places.
On a side note, New Zealand just changed a number of significant fishing rules for commercial and recreational fisherman. The new restrictions on types of fishing that are allowed are to help protect both the Hectors dolphin (est. 10,000 left) and the Maui dolphin (est. 50 left.
It is good to see these unilateral efforts are possible in NZ due to their being no competing interests who have legal entitlement to the same waters.
Annecdotally, It is still relatively easy to go to the beach in NZ and catch a few fish of 2 - 6kg in size.
https://www.mpi.govt.nz/protection-and-response/sustainable-...
The "property" is the quota, the proportion of the total allowed catch of a species. As you say quotas can be bought and sold, so they are ordinary property.
(The total catch is set annually, sometimes even based on the recommendations of fisheries experts.)