Fishing overcapacity has lead to unsustainable harvesting and rent dissipation in global fisheries. Only government intervention of some kind can lead to a reduction in capacity. If efficiency is the primary objective for the regulator, then the least efficient vessels should be decommissioned. Here we analyze the Swedish fishery using...
The result of changes in regulation or monitoring and enforcement of commercial fisheries are highly dependent on fishers’ supply response decisions. One central determinant of fishers’ reactions to such changes is their risk preferences. Empirical studies of fishers’ preferences have found that most fishers are risk averse. In this paper,...
Lake Victoria is the worlds' second largest and Africa's largest fresh water body and shared by Kenya, Uganda and Tanzania. The Nile perch was introduced to Lake Victoria in the 1950s and experienced explosive population growth in the 1970s. Since the 1990s landings have been above or about 500 000...
Several factors contribute to the productivity of nations' fisheries: (1) The biophysical conditions that determine the abundance of fish stocks, (2) government regulation of fisheries, and (3) innovation and adoption of (i.e. investments in) new fishing technologies. This paper analyzes the long-run productivity performance of three Nordic countries Iceland, Norway...
To reduce fleet capacity in European fisheries is an important objective of the European Union’s Common Fisheries Policy. The success of such programmes depends both on the variation and the level of efficiency within the fishing fleets. If vessels with significantly lower efficiency level than average are decommissioned, the actual...