The Economics Of Fisheries Management

Many of the world's fisheries face major challenges including overfishing, overcapacity and low returns. Using recent developments in microeconomic theory and with numerous case studies and examples, this book shows how to measure efficiency, productivity, profitability, capacity of fishing fleets and how to improve fisheries management. The book will prove invaluable to researchers, students and professionals interested in understanding the problems in fisheries and how they may be overcome.

Capture fisheries make contributions to the world economy that are below their potential. Many of the world's capture fishery resources have been overexploited with some facing collapse. This book presents an overview of the current economics of capture fisheries and examines how they can achieve their full economic potential

A significant number of the world's ocean fisheries are depleted, and some have collapsed, from overfishing. Although many of the same fishermen who are causing these declines stand to suffer the most from them, they continue to overfish. Why is this happening? What can be done to solve the problem. The authors of Fish, Markets, and Fishermen argue that the reasons are primarily economic, and that overfishing is an inevitable consequence of the current sets of incentives facing ocean fishermen. This volume illuminates these incentives as they operate both in the aggregate and at the level of day-to-day decision-making by vessel skippers. The authors provide a primer on fish population biology and the economics of fisheries under various access regimes, and use that information in analyzing policies for managing fisheries. The book: provides a concise statistical overview of the world's fisheries documents the decline of fisheries worldwide gives the reader a clear understanding of the economics and population biology of fish examines the management issues associated with regulating fisheries offers case studies of fisheries under different management regimes examines and compares the consequences of various regimes and considers the implications for policy making The decline of the world's ocean fisheries is of enormous worldwide significance, from both economic and environmental perspectives. This book clearly explains for the nonspecialist the complicated problem of overfishing. It represents a basic resource for fishery managers and others-fishers, policymakers, conservationists, the fish consuming public, students, and researchers-concerned with the dynamics of fisheries and their sustenance.

Fisheries Economics has always been an interdisciplinary field of study with economic analysis based on stock population dynamics, but many published works have focused mainly on theoretical economic issues without much focus on biological details. For the most part, age structured models have been ignored. Bioeconomics of Fisheries Management is a valuable reference text that presents the economic aspects of fisheries management in a broad bioeconomic framework. The book is broken into two parts. Part I covers the traditional areas of fisheries economics, covering topics such as open access, optimal and managed fisheries utilization that is analyzed through a traditional one stock/one fleet model. It also presents the basic results in terms of an age structured model. Part II covers material related to more recent work on bioeconomic models when more rigorous biological components became more prevalent, and views fisheries management with an ecosystems-based approach. Accompanying the book is a user-friendly CD with exercises and examples that aids the reader in applying theoretical principles of population dynamics and fisheries management and regulation. Bioeconomics of Fisheries Management will be a valuable text for researchers, fisheries economists, professionals, and students alike.

Fishery management relates to a total system made up of resources, industry and trade. There are important linkages between these components. In contrast with other resource industries, common property in fishery resources implies that there is no market mechanism through which access to these resources could be allocated among users. In many cases, governments have been forced to intervene, rightly or wrongly, to fill this vacuum. Economically, rational fishery management necessitates the transformation of common property through some kind of limited entry system designed to optimize net benefits from the fishery. Management planning involves the definition of goals and policy objectives and the development of strategies to assure attainment of policy objectives.

Fisheries resources are an important component of natural resources. It is an important source of high-quality animal protein and food for humans, which provides employment, economic benefits and social welfare for people engaged in fishing activities. It also has played an important role in food safety, economic development, and foreign trade. Fisheries resources economics is an important branch of both applied economics and resource economics. Its research object is fishery resources and its economic problems. The economics of fishery resources is to focus on the relationship between the demand for human economic activities and the supply of fishery resources, as well as between fishery resources and its development. This book expounds the reasons for the economic problems of fishery resources and the theoretical principles for solving them, so as to reveal the objective rules of the allocation of fishery resources in different regions and at different times, to coordinate the relationship between the utilization of fishery resources and economic development, and to realize the sustainable development of fishery economy. This book will also provide learning materials for undergraduates, graduate students and practitioners engaged in fishery resources development and scientific management.

The fishing industry's critical dependence on the natural environment makes it very different from other economic sectors. The industry comprises everything from operator-owned small boats to large corporations operating fleets of high-tech trawlers or purse seiners processing their catches into finished products. All however exploit a common resource. This book provides an introduction to the economics of the fishing industry and the role of fisheries in the world economy. It focuses primarily on capture fisheries, although the discussion brings in wider acquaculture for comparative analysis. Trade in fish products and how it has developed is highlighted, as well as the main rules governing the fish trade. The basic concept of sustainable yield is explained and how economically optimal exploitation is used to avoid overexploitation. The book discusses the variability of fish stocks and uses case studies of some spectacular stock crashes that have occurred. The law of the sea is explained and how the movement of fish stocks across ocean boundaries has meant the development of government and inter-governmental bodies to manage international fisheries. At the heart of this management lies the quota system and the book outlines how it works and how, controversially, such quotas have become transferable and have acquired elements of private ownership. The regulation of the fishing industry is shown to be fundamental to prevent the possible total depletion of fish stocks, yet political pressure from the industry and from pressure groups can make the industry less efficient than it could be. Wider questions about whether fisheries management should only be about food production are also considered. The book offers readers a comprehensive and rigorous guide to the economic considerations motivating the industry and highlights the environmental challenges facing the sector as global consumption of fish continues to rise.