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The costs of fishing are finding, catching and processing the fish. This boat might increase the efficiency of the last two and only marginally the first. Incr
by eucryphia 5y ago
The costs of fishing are finding, catching and processing the fish. This boat might increase the efficiency of the last two and only marginally the first.
Increasing the stock of fish might reduce the costs of finding the fish.
Perhaps an exclusive lease of a fishing area would give boat owners an incentive to reduce fishing pressure, increase fish stocks and reduce the cost of finding the fish. Potentially outweighing the investment required to build a boat like this?
Let's not attribute to malice what is a result of dysfunctional government regulations with unintended consequences.