High profitability, vessel mobility and open access resulted in an increase in total harvesting capacity in the red seabream fishery (Pagellus bogaraveo, Brünnich, 1768) during the period 1983-98. In 1998 it was evident that the fishery was overexploited and a recovery plan aimed at improving the viability of the fishery was implemented in 1999. The recovery plan was specifically targeted at the problem of overcapacity. Technical efficiency, capacity output and capacity utilization is measured during the stock recovery plan. The fishing capacity of liners located in the port of Tarifa is calculated to test the effects of this recovery plan over the period 1998-2001 using data envelopment analysis. Results of this analysis show the limited impact of the recovery plan. In particular, the results reinforce the importance of institutional structure and related incentives created when preparing and implementing recovery plans.

The city of Cordoba (Spain) stands out due to the fact that it has different inscriptions both in the List of World Heritage Sites and the List of Intangible Cultural Heritage (LICH) of UNESCO. In 2012 the Fiesta of the Patios was inscribed on the LICH. Currently, this event held during two weeks in May involves visits by the public to traditional dwellings. This event is becoming a magnet for tourists from outside the city and has established itself as a further tourist attraction, with the risk that it may lose part of its authenticity. This paper aims to use the hedonic price methodology to examine the externalities deriving from the “Fiesta” in order to verify whether the possible benefits/disadvantages of its existence are capitalised in real estate prices and quantify these effects. The results indicate that the “Fiesta” constitutes an added value for housing properties.