[SapphireSun]

w.r.t. fishing, I remember reading about this and while that approach works in theory, in practice people are subject to careerist tendencies. The fact that they will not be around as long as the company will be incentivizes them to extract wealth as fast as possible.

I tried looking for the article that talked about this, but I couldn't find it. The conclusion of the article was that some form of regulation was necessary.

My gut feeling is that the monopolist strategy can work, but only if the company's board implements strong internal controls and the executives don't get them changed. I feel that this is a bit of a gamble though as you have two powerful diametrically opposed forces. Also, members of the board could be looking for a quick exit from time to time as well.

On another note, while I was looking for the article, I found this interesting article on the necessary characteristics for a Marine Protected Area to work: http://www.nature.com/nature/journal/v506/n7487/full/nature1...