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Buying The Way To A Better Gulf Fishery: Buybacks For Hurricane Relief And Fisheries Rationalization In The Gulf Of Mexico, Michael Pappas

Faculty Scholarship

Fishing stocks in the Gulf of Mexico have been dwindling for years, and in the aftermath of Hurricanes Katrina and Rita, the fishing industry has found itself in even deeper waters. But whle the two hurricanes caused massive damage to fishing fleets and infrastructrure, they may have also created an opporutnity for reform in the way Gulf fisheries are managed. In this Article Mike Pappas evaluates the use of a buyback program as a posssible solution. After examining the problmes of the Gulf fisheries both before and after the hurricanes, he looks at other buyback programs that have been successful …