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The Private Fishery - and Reality: The Case of the Sole Owner

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Abstract
  • In discussing property rights, efficiency and fisheries management economic literature often refers to a fishery with a hypothetical single owner, comparing it to fisheries with more fragmented ownership. Through a range of effort reductions, since the near collapse of the fishery in the early 1980s, the Exmouth Gulf Prawn fishery in Western Australia has emerged with a single owner. The fishery's economic, social and environmental performance was recently rated by a panel of experts at 9.8 out of 10. In the presentation the history and context in which a single operator emerged is outlined. Practical constraints and issues for a single owner are discussed in the context of the history of the fishery, corporate strategy and market structure. Comparison is also made with other prawn fisheries in Australia which have a more diverse ownership base.
  • KEYWORDS: Fisheries economics, Fishing rights, Fishery management
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  • Kailis, George, Mervi Kangas and Errol Sporer. 2010. The Private Fishery - and Reality: The Case of the Sole Owner. 11 pages. In: Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 13-16, 2010, Montpellier, France: Economics of Fish Resources and Aquatic Ecosystems: Balancing Uses, Balancing Costs. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2010.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, Agence Française de Développement, Ministère de l’Enseignement Supérieur et de la Recherche, Ministère de L’Alimentation de L’Agriculture et de la Pêche, Ministère de l’Énergie, du Développement Durable et de la Mer, La Région Languedoc Rouslilon, Département Hérault, Montpellier Agglomèration, The Department of Fisheries and Oceans, Canada, and AquaFish Collaborative Research Support Program (CRSP).
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