Market-based solutions to environmental problems have created a sharp ideological divide. Some say they're the best answer, and others say they're no answer at all. Where's the pragmatic middle that says they're a useful tool?
Right here, that's where. Blogfish steps boldly into the crossfire between ITQ true believers and dyed in the wool opponents and says catch shares (ITQs, DAPs, LAPPs, co-ops, etc.) can be a good way to manage fisheries.
The key is that catch shares--like any other tool--must be well designed in service of clear objectives. They're especially valuable where too many boats are chasing too few fish,(hey tell me someplace where there are too few boats chasing too many fish?).
OK, let the crossfire begin.