http://www.citeulike.org/article/5003378
Ah yes, the seal hunt debate – a home grown Canadian embarrassment!
Here’s part of the author’s (John Livernois) abstract: The purpose of this paper is to evaluate whether or not there is a purely economic argument for ending Canada’s commercial seal hunt. The paper finds that the benefits of ending the commercial hunt exceed the costs, but not unequivocally. However, the paper argues there should be a higher criterion—the Pareto criterion—for ending the commercial hunt; that is the hunt should end only if winners compensate the losers. The paper goes on to argue that an effective way to satisfy this criterion is to introduce a system of individual transferable quotas (ITQs) and let the market reveal the value of the commercial seal hunt./strong>
Bob Payne
