We focus on problems of access to marine sites for aquaculture in different countries, particularly in Maine, U.S.A. and Canada. The main question examined is how public natural goods (marine space) are allocated for aquaculture activities. Using ideas from law and economics, as well as institutional economics, we looked at...
In this paper a real options approach is taken to natural resource contract valuation. A comparison is made between hedging with futures on developed (harvested) versus undeveloped assets. The risk-free Q martingale probability measure is obtained for the developed asset, and modified to a cost-adjusted Q martingale in the undeveloped...
This paper discusses sustainable development of Yemeni fisheries towards achievement of Millennium Development Goals (MDG) and stakeholder aspiration. Yemen is considered a Least Developed Country ranking 148 among 174 countries in terms of the Human Development Index. In terms of food security, Yemen is classified as a Low-Income and Food...
The harvest technology of several multispecies fisheries has been explained in the recent literature using dual-based models. These studies are useful for explaining rent dissipation, estimating input and output elasticities, as well as describing other aspects of fisherman behavior. Most of these analyses have assumed that inputs are fixed at...
The status of fisheries resources on coastal and offshore areas is getting worse in Taiwan. Thus, to establish a fishery resources management system has become the main task among stakeholders. In this study, we would like to examine the feasibility of imposing the community-based co-management system and setting closed fishing...
This paper proposes a formal analysis of the discarding issue including the sorting labour costs. Empirical evidences from an application to the Nephrops fishery in the Bay of Biscay show that sorting is an important time consuming activity on board and a factor of discarding. However existing literature does not...
For three years, a multidisciplinary group of researchers in social sciences, has analysed the Ethical, Legal and Social Aspects of fisheries management in Europe. In the framework of this ELSA Pêche programme funded under the ELSA line of the FAIR research programme of the European Commission (DG XII, Research), a...
Detailed economic analyses of fisher performance are critical inputs in improving the management of fisheries. The paper provides guidelines about the economic methodologies and the data required to monitor and assess the performance of individual transferable quota fisheries. In particular, it describes the methods of evaluation that could be applied...
Millions of people across the world, and particularly in Asia, depend on small-scale fisheries for a livelihood. Small-scale fisheries contribute in significant ways to employment, income and food security, and in many parts of the world small-scale fisheries constitute the backbone of remote, rural economies. However, several problems, within and...
A principle U.S. fisheries management concern is ensuring compliance with Endangered Species Act requirements to limit incidental takes of listed species to levels which do not result in potential jeopardy to existing population stocks. Part of the risk assessment process involves an analysis of historic takes (bycatch) of ESA-listed species...