Western Australia operates a diverse enforcement and education program aimed at achieving high compliance in a wide range of commercial and recreational fisheries managed using a mix of input and output controls. Since enforcement resources are invariably insufficient to totally eliminate non-compliance with fishery rules, it is important to ensure...
This essay deliberates on the future of capitalism or, more specifically, the mixture of command and market likely
to characterize the modern economy two to three decades on. I start by discussing global trends in the supply and demand for
market and non-market goods and the collateral demand for institutions,...
Information on economic viability of aquaculture is crucial for investors when assessing the feasibility of an aquaculture investment. Unfortunately, such information has been scarce in Nigeria. The economic analysis of fish farming in Osun State, South-Western Nigeria was therefore carried out using data collected from seventy two randomly selected fish...
The economics literature has recently turned its attention to the existence of gender differences in various aspects of choice behaviour. This paper focuses upon such differences as may exist in the valuation of environmental resources. Firstly, the paper presents several reasons why women are expected to have a lower willingness-to-pay...
In 1995 North Sea herring was estimated to have declined from previous high of around 1.5 million to 400,000 tonnes, the point at which significant reduction in recruitment had previously been observed. The response to this was to cut the fishery by reducing the human consumption TAC by 50% and...
The paper reports on a large-scale demand model for recreational fishing in Michigan. The model is based on the travel cost method and is specified as a four-level nested-logit. Seasonal participation is modeled by repeating the site choice logit over the course of a season. Data on anglers' trips and...
Buyback auctions are often proposed as a policy to reduce excess capacity in fishing fleets prior to or in place of implementing a tradable quota program. In this paper I take a critical look at possible designs for such a policy in environments with uncertainty and asymmetric information. In an...
Community quota schemes (CQS) have been introduced in some UK fishery dependent areas in an attempt to address the detrimental effects of the current market based approach to quota management. The most established and largest scheme operates in the Shetland Isles, where there was concern quota holdings could be traded...
Highly migratory fish stocks in the Western and Central Pacific Ocean are an important source of income
for those Pacific island nations through whose economic zones the stocks pass, and for distant water
fishing nations that target the stocks. Although the tropical stocks have been regarded in the past as...
The relative efficiency of landing fees versus quota controls to achieve given escapement levels is examined. The criterion is profit per year over a given time horizon. The model employed is a discrete version of the logistic model where growth is influenced by a random variable. Simulations are used to...