Are unauthorized foreign vessels deterred from fishing inside Exclusive Economic Zones?
Exclusive Economic Zones (EEZs) are perhaps the largest property rights institution in the world, covering about 39% of the ocean’s surface and accounting for more than 95% of global marine fish catch. Because assigning property rights can improve both ecological and economic outcomes, EEZs could be an important institution for improving the sustainability and profitability […]
Are unauthorized foreign vessels deterred from fishing inside Exclusive Economic Zones? Read More »