Document Type

Article

Journal/Book Title/Conference

Economics Research Institute Study Paper

Volume

96

Issue

8

Publisher

Utah State University Department of Economics

Publication Date

1996

Rights

Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.

First Page

1

Last Page

18

Abstract

Despite the fact that most regulatory problems in resource and environmental economics are design problems, rarely have resource economists explicitly adopted the design perspective in modeling such problems. In this note I argue that the design perspective should be adopted. I highlight the merits of the design approach by studying an old problem-the regulation of an open access fishery (OAF)-in a new way. I show that the design perspective has important implications for fisheries management.

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