In the case of Sre Ambel Lagoon, this paper discusses
an alternative policy consisting of the establishment of an
extractive reserve to restrict the number of fishers and a
combination of regulations and a licensing system to
operate such a reserve. The reasons for using licenses to
regulate the number of fishers and to improve management
are that license prices can exclude inefficient
fishers, can account for resource conditions as well as
environmental and market uncertainties, and can generate
revenues that can be used to improve management, and
to improve the living standards of fishers