This paper analyzes the suitability of strong and weak sustainability assessment in the context of fisheries management. This topic is a main stream issue in the field of Ecological Economics, but its application to fisheries is rather ambiguous, although fisheries have been the focus of many pioneering studies related to...
The valuation of the opportunity to either invest or exploit a fishery is particularly difficult because of the high uncertainty concerning the resource price. The traditional net-present-value (NPV) and other discounted-cash-flows (DCF) methods cannot properly capture the management's flexibility and strategic value aspects of a fishery, thus they may understate...