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111: Fisheries policy and catch shares with Dan Holland

In Common

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What Is the Difference Between Ownership and Stewardship?

Ownership incentivizes stewardship, it does so to the extent that it helps lower discount rates and helps people think more longer term about how their impacts on the environment will feed back to their welfare in the future. So I think that's that's a very sensual theory for like property rights generally. But that's not always the case, apparently, is something I'm hearing from you That someone might only have some a quota for a year. Would that be in like a leasing situation? If I've leased it from someone else and so I only have those rights for a year, or is it more than that? Well, no, I'm just kind of putting that out there as

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