Rent Dissipation in Chartered Recreational Fishing: Inside the Black Box

margins, perverse incentives will often persist with respect to unconstrained inputs, a lesson that
has been repeatedly borne out (if not always heeded) for commercial fisheries as well.

These observations only scratch the surface of the numerous issues involved in thinking
about the rationalization of recreational sectors. While there are some similarities between the
for-hire recreational and commercial cases, there remain significant differences that warrant
further conceptual and empirical investigation.

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