While overfishing frequently is explained in terms of «the Tragedy of the
Commons» model, it is argued that the economic causes of such long-run resource problems could be more accurately characterised in terms of a «Tragedy of High Prices» due to landings prices exceeding fishing costs at
the socially optimal...
Hedonic models reveal the marginal implied prices of attributes; these premia represent the intersection of supply and demand for those attributes. Understanding the demand for these attributes is critical for policy analysis that may influence those attributes. While Rosen (1974) proposes a two-step method to recover demand, Kristofersson and Rickertsen...
Commercial fishing can provide a source of economic opportunities for coastal communities; however, little is known about how large such effects may be. In particular, there is limited empirical research on what indirect impact commercial fishing may have on local economic activity in other sectors through spillover/multiplier effects. While such...
Dungeness crab (Cancer magister) supports a valuable commercial fishery along the Pacific coast of North America. In recent decades the fishery has intensified significantly, with most crab landed during the first six weeks of the seven-month season. Management approaches to slow this intensifying and dangerous race have been elusive. This...
Fisheries management involves a degree of separation between ownership of the fish and associated natural resources, ownership and operation of fishing enterprises and management of the fishery as a whole. The arms length nature of some of the resulting relationships means that public reporting of a range of economic and...
The Florida spiny lobster trap certificate program (TCP) is one of the oldest U.S. fisheries programs involving tradable effort permits. Under the TCP, fishers must own a certificate (and pay an associated annual fee) for each trap used. The program was created in 1992 to address overcapitalization amid growing social...
Catch share systems are being encouraged and considered in a variety of United States (U.S.) fisheries. Scientists, policy makers, and stakeholders (including fishermen and non-governmental environmental organizations) have different views about potential social and economic impacts and outcomes of these output- oriented systems. Thus identifying and evaluating impacts over time...
A new evidence for the regime shift has been found as to the tuna populations in the northwest Pacific to show that the regime shift is the universal principle throughout fish groups not only at lower trophic levels but at higher levels. The regime shift has been driven by the...