Have property right policy be successful in asia in practice

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How might a government solve the problem of overfishing by assigning property rights over areas of the sea around the local coastline to a single fisherman?

[hint: he can charge other fishermen a fee to be able to fish in "his" sea]

Have property right policies been successful in Asia in practice? What are the big issues faced with assigning property rights in this context?

Reference no: EM13184889

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