3 thoughts on “A post-Brexit alternative to the Common Fisheries Policy”

  1. Posted 28/08/2016 at 02:39 | Permalink

    Actual rents, rather than Grandfathered rights to use and exploit scarce resources rent free, are the optimal mechanism for efficient allocation . Only if everyone pays rent for exclusive rights to use common resources can the market fully internalise opportunity costs. That cannot happen when the owner of a scarce resource is also the user. They can afford to be inefficient.

    A good example is the dysfunctional UK housing market, which clearly shows that giving away Grandfathered rights is a disaster that harms our economy and the cause of excessive inequality.

    There are many different rent collecting mechanisms to chose from. The main point is, fishermen should pay rent to the State for the right to catch fish, the scarcity value from which, should belong to us all as an equal share.

    Ms Leadsom should be very wary of advice from those that by default conflate “private ownership” with market efficiency. Where goods and services are elastic in supply, that simple view of the World is invariably correct. However, imagine in the 1970s we had given away the right to exploit North Sea oil, royalty free? It would be the same mistake with our fish stocks.

  2. Posted 28/09/2016 at 11:14 | Permalink

    The small scale fisheries in UK are a topic which would be usefully reformed. This sector employs considerable numbers of fishermen and ancillary workers in the post harvest sector, has spin off benefits in heritage and tourism. The under 10 meter vessels could be allocated a larger share of quota and with greater policing and management could lead to thriving and sustainable fisheries in many coastal regions of UK.

  3. Posted 14/04/2017 at 16:47 | Permalink

    Full of glaring ommissions and more a historic review than a serious policy package for the uk post brexit.

    There is no limit to introduce itqs under the cfp.Denmark amd estonia have them. A former communist, commissioner damanaki wanted them for all fisheries, but uk and othes stopped her.

    The uk industry fought against a discards ban. It is not today being implemented properly. The use of cctv has declined under the new rules. The uk government has stalled on enforcement. The British government tried to back out of the discards ban during negotiations.

    The uk fleet is doing financially very well. The ROI is amazing.

    The uk has a feudal quota ownership regime. There is nothing to stop the uk introducing a genuine free market for quotas tomorrow. Nothing, except they don’t want to.

    I expect more serious analysis from the iea

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