The Alaskan halibut fishery has implemented 'catch shares', guaranteeing each fisher a percentage of each year's allowable catch, which has reduced competition and overfishing. This is an example of which of the following?

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Quizplus · Accepted Answer

The implementation of 'catch shares' is an example of regulation, as it is a management tool used to control and limit fishing activities in the Alaskan halibut fishery. The other options of appeals to altruistic norms and non-zero-sum-games are not incorrect, as they could potentially also apply to the situation, but they are not the best choice as they are not the most direct and accurate ways to describe the specific management strategy being used.

The Alaskan Halibut Fishery Has Implemented 'Catch Shares', Guaranteeing Each