Using a general equilibrium model that has a resource (fisheries) sector and that incorporates subsistence consumption into consumer preferences, we examine the costs and benefits of participating in international trade. In some cases income transfers may permit potential, but otherwise unachievable, gains from trade to occur.
This paper examines the constitution of 'sustainable management' within the context of the New Zealand marine environment. Firstly this paper examines the difference between 'sustainable ecosystems' and 'sustainable utilisation'. The distinction is important if we are to make sense of the different ways in which various stakeholders (fishers, fisheries companies,...