Abstract:
The paper discusses compilation of economic accounts for wild fish stocks. The methods proposed in the System
of National Accounting (SNA) satellite system, the System for Integrated Environmental and Economic Accounting (SEEA)
are discussed and their usefulness assessed in simple examples. The paper proposes some methods for estimating the value of
commercially exploited fish stocks and the cost of exploiting them.
The paper uses data on some important fish stocks in Icelandic waters to give examples of results from using the proposed
methods and indicate the degree of uncertainty involved in the estimations. The values of the fish stocks are estimated by
using the prices of share quotas and by using direct estimations of the sum of discounted expected future profits. Estimations
of fixed-price value of the fish stocks are also discussed.
