Natural resource industries, 'tragedy of the commons' and the case of Chilean salmon farming

Iizuka, Michiko and Katz, Jorge (2010). Natural resource industries, 'tragedy of the commons' and the case of Chilean salmon farming. UNU-MERIT.

Document type:
Report

Metadata
Documents
Versions
Statistics
  • Attached Files (Some files may be inaccessible until you login with your UNU Collections credentials)
    Name Description MIMEType Size Downloads
    wp2010-061.pdf PDF application/pdf 484.42KB
  • Author Iizuka, Michiko
    Katz, Jorge
    Title Natural resource industries, 'tragedy of the commons' and the case of Chilean salmon farming
    Publication Date 2010
    Publisher UNU-MERIT
    Abstract Chilean salmon farming has been considered as an outstanding example of success after growing at two digit rates for more than twenty years. With further insight, we now know that such rapid process of expansion came at the expense of sanitary and environmental deterioration. The outbreak of ISA- a viral disease that kills salmon - in 2008 has made this utterly clear. The overexploitation of the ´common´ - pristine waters - upon which the industry operates, and the lack of an adequate regulatory mechanism monitoring environmental impact contributed to a gradual - but not always adequately perceived - long term decay of industry performance. The paper shows that industries based on the exploitation of a CPR - common pool resource - require a quite different analytical approach than the one conventional neoclassical theory offers us for the understanding of firm and industry behavior. Our study shows that industries of this sort require location specific know how and R&D efforts plus public/private cooperation in order to maintain long term sustainable growth.
    Keyword Common pool resources
    'tragedy of commons'
    Natural resource based industry
    Chile
    JEL Q22
    Q57
    L22
    Copyright Holder UNU-MERIT
    Copyright Year 2010
  • Versions
    Version Filter Type
  • Citation counts
    Google Scholar Search Google Scholar
    Access Statistics: 947 Abstract Views, 358 File Downloads  -  Detailed Statistics
    Created: Wed, 11 Dec 2013, 16:49:09 JST