A Simple Graphical Exposition

Much of the literature on natural resource economics has focused on the advantages of alternative access rules that apply uniformly to homogeneous users. Yet in reality, most natural resources are exploited by dissimilar users subject to a diversity of access rules. A simple graphical exposition is used to illustrate the economic consequences of alternative combinations of open-access, restricted open-access, and exclusive access management regimes for a stylized representations of the commercial and charter-based sport fisheries for Pacific halibut