The institutional foundations of economic performance of mussel production: The Spanish case of the Galician floating raft culture

This paper analyses the institutional foundations of the mussel production sector in Galicia, which is one of the leading producers in the world. After demonstrating the importance of the sector and presenting the theoretical framework and an historical introduction, the paper formulates an agenda of institutional analysis topics from a positive perspective. This agenda includes the problem of the common pool, the role of the State, the legal norms, the property rights system, the organisation of the sector, the rules and public policies and the status quo. This paper presents a case analysis dealing with the relationships between institutions and economic organisation, and furnishes evidence and relevant knowledge for the elaboration of comparative analysis in the economics of natural resources.