I’m working on a economics discussion question and need the explanation and answer to help me learn.
Listen to the Planet Money episode called “The Less Deadly CatchLinks to an external site.”
Write a discussion post (200+ words) that covers the following:
– What was the ‘derby’ and why did it exist in Alaskan fisheries? What were the consequences of derby fishing?
– Why might regulation that creates derby fishing get passed? Can it improve ecological sustainability? What about economic efficiency?
– Explain the policy solution introduced to solve the problem of derby fishing. Why did this make fishing safer?
– The proposed policy was favored by boat captains, but who might have lost out/opposed such a policy? Why?
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