The Patagonian toothfish is a large, ugly fish that can weigh 200 pounds. In the 1990s, it

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The Patagonian toothfish is a large, ugly fish that can weigh 200 pounds. In the 1990s, it became very popular under its new name, the Chilean sea bass. Soon, it almost became extinct.
a. Why was the Chilean sea bass almost driven to extinction?
b. Some top chefs boycotted the Chilean sea bass in the hope of increasing the stock. Why was this unsuccessful?
c. Australia now enforces limits on the catch. Why would this tend to be more successful than the boycott?
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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