Theory suggests that fishing effort would be allocated among various fishing grounds such that profit levels would be equal. Homogeneity among fishers as well as perfect information is assumed and profits are opportunistically increased by changing fishing locations. These assumptions have been shown empirically ins some single fisheries where fishers...
In response to growing concerns about illness and deaths associated with Vibrio Vulnificus, California initiated a program in March 1991 that required anyone selling oysters to notify potential consumers that the “consumption of raw oysters can cause serious illness and death among people with liver disease, chronic illness, or weakened...
The shrimp fishery accounts for more than one-half of the total revenues generated by commercial fishing activities in the U.S. Gulf of Mexico. Due to its historical open access nature the harvesting sector has historically been overcapitalized (from an economic perspective) resulting in a suboptimal generation of rents. Various management...