Suppose fish stocks in a lake are being overfished by fishers.To reduce the overfishing problem the government could:
A)establish a tradeable, property right entitlement to the fish
B)pay to have more fish transported to the lake
C)increase the length of the fishing season
D)do all of the above

Question

Quizplus · Accepted Answer

By establishing tradeable, property right entitlement to the fish, fishers will only be allowed to catch a certain amount of fish based on the quota they purchase. This will reduce the total catch and prevent overfishing. Paying to transport more fish to the lake or increasing the length of the fishing season will not address the root problem of overfishing and may even exacerbate it.

Suppose Fish Stocks in a Lake Are Being Overfished by Fishers.To