Development of Property in the Fishery

Publisher Website
Google Scholar
Abstract
To what extent is the recently invented individual catch quota a form of real property right? This article introduces six quantitative characteristics of all personal interests in land and natural resources. It is shown that medieval fishing rights had some of these characteristics, but these rights were not developed in the common law of property. The article then turns to modern regulatory licenses and catch quotas and examines the extent to which they embody property characteristics. In a digression, the obstacles to political acceptance of the individual fishery property concept are surveyed. The paper concludes by suggesting that catch quotas may develop into shares in the fish stock or biomass itself.

This publication has 0 references indexed in Scilit: