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Unformatted text preview: wants to fish, he has to buy a license from an older fisherman planning on retiring. By doing this, they have lowered the number of competition, thus enabling a reasonable quota to be put in place. With a quota there is no over fishing and thus every season there are plenty of large lobster to be caught. Also the fisherman in Australia are good enough about regulating themselves that the government rarely needs to step in, and scientists aren’t pleading with them to limit themselves. The dollar values of fish and lobster in Australia are also higher encouraging the fishermen not to be so greedy and take less. When Allen returned to America with his stories the fisherman from Port Judith rejected his ideas because all they’ve known is a “catch as much as you can before the other guy does” mentality when they fish. However, several political figures and fisherman are warming up to the idea....
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This note was uploaded on 04/07/2008 for the course ACC 200 taught by Professor Pike during the Spring '08 term at Tampa.
- Spring '08
- Financial Accounting