Towards a Sustainable Fishery: The Price-Cap Approach

Tulane Environmental Law Journal

Overfishing is the classic tragedy of the commons. So far, governments have pursued a variety of solutions to incentivize sustainable commercial fishing practices, realizing only mixed results. After describing the costs associated with implementing overfishing controls, I propose a new method of regulating commercial fishing: the price cap. This Article explains the theory of how price caps can incentivize sustainable fishing, analyzes the implementation costs associated with price caps, and compares price caps to existing overfishing regulations. Because each fishery is unique, no single method will produce the greatest benefit at the lowest cost in all fisheries. Accordingly, I analyze the factors that might make a fishery a better or worse candidate for the implementation of price caps.

Click here to read the complete report.

Eric Singer
Press Release October 17, 2022
As Florida continues its robust economic expansion and capital is deployed throughout the state in a diverse range of sectors, law firm Bilzin Sumberg has expanded its Corporate & Finance practice to keep pace with demand for its services.
Speaking Engagement October 09, 2018
Jose Sariego moderates a discussion that involves mergers and acquisitions from the buyer's and seller's point of view.
Press Release August 17, 2017
The Best Lawyers in America© has recognized 62 percentof the Firm's Partners in the 2018 edition. This is the seventh consecutive year more than half of the Firm's Partners made The Best Lawyers in America list.