Advances In Fisheries Economics

A true landmark publication, Advances in Fisheries Economics brings together many of the world’s leading fisheries economists to authoritatively cover the many issues facing the field of fisheries economics and management today. Compiled in honour of the work and achievements of Professor Gordon Munro of the University of British Columbia, Canada, this exceptional volume of research serves as both a valuable reference tool and fitting tribute to a man whose work has shaped the discipline. Divided into four sections, the text includes coverage of: • Property Rights and Fisheries Management • Capital Theory and Natural Resources • Game Theory and International Fisheries • Applied Fisheries Economics and Management The book is an important addition to the resources of all fisheries economists, managers, scientists and fish biologists. Libraries in universities and research establishments where these subjects are studied and taught should have copies on their shelves. About the Editors Dr. Trond Bjørndal is Professor of Economics, Centre for Fisheries Economics, Institute for Research in Economics and Business Administration, Bergen, Norway and Director, CEMARE, University of Portsmouth, England. Dr. Daniel V. Gordon is Professor of Economics, University of Calgary, Canada and Distinguished Research Fellow, Centre for Fisheries Economics, Institute for Research in Economics and Business Administration, Bergen, Norway Dr. Ragnar Arnason is Professor of Economics and the Chairman of the Institute of Economic Studies, University of Iceland. Dr. U. Rashid Sumaila is Director of the Fisheries Economics Research Unit, Fisheries Centre, University of British Columbia.

Efforts to effectively conserve and manage marine resources are facing increasing complexity of environmental and governance challenges. To address some of these challenges, this book presents advancements in fisheries bioeconomics research that provides significant ideas for addressing emerging environmental and fisheries management issues. Advances in Fisheries Bioeconomics gives insights into innovative approaches dealing with these issues, as well as novel ideas on changes in fisheries management paradigms. With contributions from leading experts in the field, this book offers an examination of a number of topics including: ecosystem based fisheries management; by-catch management and discard bans; the number of players in the fisheries game; the effects of ocean acidification; and the trends and impacts of eco-labeling and eco-certification of fisheries. Through integrating resource biology and ecology with the economics of fishers’ behaviour, the authors provide valuable analysis of the current issues in fisheries management. This book will be of interest to those on advanced courses in fisheries science, natural resource biology and ecology, and environmental and natural resource economics. It will also appeal to researchers, policy makers, and advocacy groups around the world.

A true landmark publication, Advances in Fisheries Economics brings together many of the world’s leading fisheries economists to authoritatively cover the many issues facing the field of fisheries economics and management today. Compiled in honour of the work and achievements of Professor Gordon Munro of the University of British Columbia, Canada, this exceptional volume of research serves as both a valuable reference tool and fitting tribute to a man whose work has shaped the discipline. Divided into four sections, the text includes coverage of: • Property Rights and Fisheries Management • Capital Theory and Natural Resources • Game Theory and International Fisheries • Applied Fisheries Economics and Management The book is an important addition to the resources of all fisheries economists, managers, scientists and fish biologists. Libraries in universities and research establishments where these subjects are studied and taught should have copies on their shelves. About the Editors Dr. Trond Bjørndal is Professor of Economics, Centre for Fisheries Economics, Institute for Research in Economics and Business Administration, Bergen, Norway and Director, CEMARE, University of Portsmouth, England. Dr. Daniel V. Gordon is Professor of Economics, University of Calgary, Canada and Distinguished Research Fellow, Centre for Fisheries Economics, Institute for Research in Economics and Business Administration, Bergen, Norway Dr. Ragnar Arnason is Professor of Economics and the Chairman of the Institute of Economic Studies, University of Iceland. Dr. U. Rashid Sumaila is Director of the Fisheries Economics Research Unit, Fisheries Centre, University of British Columbia.

Following the publication of seminal papers by professors H. S. Gordon in 1954 and A. D. Scott in 1955, active research has led to rapid progress in our understanding of the economics of fisheries. Fishing, however, is a complicated activity involving intricate interactions between man-made fishing capital and naturally produced fish stocks in an inherently dynamic and stochastic setting. Consequently, in spite of significant advances, important sections of fisheries economics remain largely unexplored. One such area is the economics of migratory fish stocks. In 1985, the editors of this volume embarked on a research project concerned with the optimal utilization of common Nordic fish stocks. A fundamental feature of some of the most important of these fish stocks, such as the Atlanto-Scandian herring and the Icelandic capelin, is their migratory behaviour. Not only do the migrations continuously alter the economic conditions for harvesting these species. They also result in the periodical transfer of stock concentrations from one exclusive fisheries jurisdictions to another. It was readily apparent that this behaviour constituted a crucial determinant of the appropriate harvesting pattern of these stocks. More importantly, however, migrations are by no means a unique feature of Nordic fish stocks. In fact, it appears that migratory behaviour is exhibited, albeit in varying degrees, by all species of fish. It therefore stands to reason that migrations constitute an important aspect of the economics of fisheries in general.

This timely book brings readers up to date on the wide range of advances made in fisheries science since the publication in 1957 of On the Dynamics of Exploited Fish Populations (Beverton and Holt), regarded by many fisheries scientists as one of the most important books on fisheries yet published. Traditional fishery subjects covered include historic declines and changes in fishing fleets, fisheries management and stock assessments, data-poor situations, simulation and modelling of fished stocks, fisheries economics, assessing reproductive potential and dispersal of larvae, fisheries for sharks and rays, and use of marine technology. Additionally, related subjects of increasing importance now that ecological approaches to management are coming to the fore are presented. They include benthic ecology, ecosystem changes linked to fishing, life history theory, the effects of chemicals on fish reproduction, and use of sounds in the sea by marine life. Several chapters offer stimulating philosophical discussion of the many controversial areas still existing. This significant book, edited by Andy Payne, John Cotter and Ted Potter and containing contributions by world-renowned fisheries scientists, including many based at Cefas (where Beverton and Holt's original work was carried out) is an essential purchase for fisheries managers and scientists, fish biologists, marine scientists and ecologists. Libraries in all universities and research establishments where fisheries and biological sciences are studied and taught are likely to need copies of this landmark publication.

Articles cover a wide variety of recent topical issues in fisheries economics and the latest developments in the field, including marine protected areas, individual transferable quotas, fisheries subsidies, habitat values, data fouling, and rotational management of sedentary fishery resources. Seven of the articles were presented at the 2005 North American Association of Fisheries Economics Forum at the University of British Columbia in Vancouver, Canada.

Infinity Fish: Economics and the Future of Fish and Fisheries is a practical and science-based reference that demonstrates how to value the benefits from restored marine ecosystems to sustain ocean and fishery resources for years to come. It discusses ecological and economical aspects to support the preservation of marine resources by understanding cost-benefits of fishery management systems. The book explains the economic benefits of restoring ecosystems that have been overexploited and how to maintain fisheries in a sustainable level. Infinity Fish: Economics and the Future of Fish and Fisheries is a useful reference to a wide range of audiences. It is for those who wish to make systematic efforts to develop their fisheries sector, scientists and researchers, anyone in fisheries management, marine resource management, economists, fish farmers, policy makers, leaders and regulators, operations researchers, as well as faculty and students. Includes case studies for each topic and provides detailed summaries to further understand them Presents examples and practical applications of cost-benefit concepts Provides models of statistical analysis to optimize decision making