The DOI matches its Crossref record.
The Economic Theory of a Common-Property Resource: The Fishery
Abstract
The chief aim of this paper is to examine the economic theory of natural resource utilization as it pertains to the fishing industry. It will appear, I hope, that most of the problems associated with the words “conservation” or “depletion” or “overexploitation” in the fishery are, in reality, manifestations of the fact that the natural resources of the sea yield no economic rent. Fishery resources are unusual in the fact of their common-property nature; but they are not unique, and similar problems are encountered in other cases of common-property resource industries, such as petroleum production, hunting and trapping, etc. Although the theory presented in the following pages is worked out in terms of the fishing industry, it is, I believe, applicable generally to all cases where natural resources are owned in common and exploited under conditions of individualistic competition.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cited by
Beyond Markets and States: Polycentric Governance of Complex Economic Systems
Ostrom, E. (2010) · American Economic Review · doi:10.1257/aer.100.3.641 · Cited by 4,529
Towards sustainability in world fisheries.
Pauly, D., Christensen, V., Guénette, S., Pitcher, T. J., Sumaila, U. R., Walters, C. J., Watson, R., & Zeller, D. (2002) · Nature · doi:10.1038/nature01017 · Cited by 3,019
Revisiting the commons: local lessons, global challenges.
Ostrom, E., Burger, J., Field, C. B., Norgaard, R. B., & Policansky, D. (1999) · Science · doi:10.1126/science.284.5412.278 · Cited by 2,798
A Review of Design Principles for Community-based Natural Resource Management
Cox, M., Arnold, G., & Villamayor Tomás, S. (2010) · Ecology and Society · doi:10.5751/es-03704-150438 · Cited by 1,328
Rarity Value and Species Extinction: The Anthropogenic Allee Effect
Courchamp, F., Angulo, E., Rivalan, P., Hall, R. J., Signoret, L., Bull, L., & Meinard, Y. (2006) · PLoS Biology · doi:10.1371/journal.pbio.0040415 · Cited by 650
“In this case, ecological extinction (the end of the species) will precede economic extinction (cessation of exploitation), contrary to the predictions of classical theory (the simple Gordon-Schaefer model [7]).”
MethodResult(1983) · American Economic Review · Cited by 437
On the circular bioeconomy and decoupling: implications for sustainable growth
Giampietro, M. (2019) · Ecological Economics · doi:10.1016/j.ecolecon.2019.05.001 · Cited by 376
“economics“ although he made little explicit reference to economic factors” (Gordon, 1954) (p.”
BackgroundIndigenous land rights in sub-Saharan Africa: Appropriation, security and investment demand
Sjaastad, E., & Bromley, D. W. (1997) · World Development · doi:10.1016/s0305-750x(96)00120-9 · Cited by 278
Genetically Engineered Crops in the United States
Fernandez Cornejo, J., Wechsler, S., Livingston, M. J., & Mitchell, L. (2014) · doi:10.2139/ssrn.2503388 · Cited by 274
Castello, L., Viana, J. P., Watkins, G., Pinedo-Vasquez, M., & Luzadis, V. A. (2009) · Environmental Management · doi:10.1007/s00267-008-9220-5 · Cited by 211
Endangering the endangered: The effects of perceived rarity on species exploitation
Hall, R. J., Milner‐Gulland, E. J., & Courchamp, F. (2008) · Conservation Letters · doi:10.1111/j.1755-263x.2008.00013.x · Cited by 193
Integrating ecology and economics in the study of ecosystem services: some lessons learned
Polasky, S., & Segerson, K. (2009) · Annual Review of Resource Economics · doi:10.1146/annurev.resource.050708.144110 · Cited by 192
Caddy, J. F., & Cochrane, K. L. (2001) · Ocean & Coastal Management · doi:10.1016/s0964-5691(01)00074-6 · Cited by 157
A multi-agent reinforcement learning model of common-pool resource appropriation
Perolat, J., Leibo, J. Z., Zambaldi, V., Beattie, C., Tuyls, K., & Graepel, T. (2017) · arXiv · doi:10.48550/arxiv.1707.06600 · Cited by 109
The Economics of Tropical Deforestation
Balboni, C., Berman, A., Burgess, R., & Olken, B. A. (2023) · Annual Review of Economics · doi:10.1146/annurev-economics-090622-024705 · Cited by 111
Marine wild-capture fisheries after nuclear war
Scherrer, K. J. N., Harrison, C. S., Heneghan, R. F., Galbraith, E., Bardeen, C. G., Coupe, J., Jägermeyr, J., Lovenduski, N. S., Luna, A., Robock, A., et al. (2020) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.2008256117 · Cited by 59
McGinnis, M. D., & Walker, J. M. (2010) · Public Choice · doi:10.1007/s11127-010-9626-5 · Cited by 58
Property Regime or Development Policy? Explaining Growth in the U.S. Pacific Groundfish Fishery
Mansfield, B. (2001) · The Professional Geographer · doi:10.1111/0033-0124.00292 · Cited by 28
Marine protected areas: Territorializing objects and subjectivities
Chmara-Huff, F. (2014) · EchoGéo · doi:10.4000/echogeo.14040 · Cited by 11
Cooperate or Collapse: Emergence of Sustainable Cooperation in a Society of LLM Agents
Piatti, G., Jin, Z., Kleiman-Weiner, M., Schölkopf, B., Sachan, M., & Mihalcea, R. (2024) · Advances in Neural Information Processing Systems 37 · doi:10.52202/079017-3548 · Cited by 14
“Within G OV S IM , we develop three common pool resource dilemmas inspired by the economic analysis of emergent sustainable cooperation [25–27, 43, 56].”
Influential
Metadata
- Authors
- Gordon, H. S.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1954-04
- Volume
- 62
- Issue
- 2
- Pages
- 124-142
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W3088713371
- Cited by
- 3,971
- References
- 0
- FWCI
- 10.06
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
