Property Rights in New Zealand Abalone Fisheries Harvard Case Solution & Analysis

Roger Beattie has been involved in the abalone fishery in business as the owner and operator in 1976. At that time, a good diver can usually catch 500 kg of abalone per day. With the average price of NZ $ 0,50 per kilogram day back about NZ $ 250. Over time, abalone prices slowly rose to NZ $ 1 per pound, so that in 1983, Beatty was the year taking home about NZ $ 45,000. Convinced that there was more money to be made in the fishery, where he dove, Beatty began to explore other fisheries, market trends, and processing parameters. He then organized the local divers to put pressure on the local processing plant in accordance with the returns offered abroad. Then, in 1986, the game has changed. With the introduction of individual transferable quotas (ITQs), abalone divers were given ownership of the fishery. No longer does the general rules. Improve the health of these PKI abalone fishery and helped Roger Beattie transition from small owner / operator of a successful entrepreneur. He began to look for opportunities to improve their bottom line and the environment. "Hide
by Terry Anderson, J. Bishop Grewell Source: Stanford Graduate School of Business 16 pages. Publication Date: 01 May 2001. Prod. #: P28-PDF-ENG

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