Abstract

The paper describes the experience of the first attempt to establish a catch share program in the U.S. Caribbean. It also examines the reasons behind fishermens’ hesitancy to participate in the deep-water snapper catch share program. Our analysis shows that these programs may not be a suitable management tool for the U.S. Caribbean given high transaction costs. High decision-making costs were the main impediments for the establishment of the program. However, the process may have been a positive experience because it encouraged fishermen and managers to work together to find solutions suited for their local circumstances.

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