According to conventional economic wisdom the economically more efficient technology will always outcompete the less efficient. This hypothesis has usually been taken to hold for the exploitation of common pool renewable natural resources such as fish stocks. This paper claims that, while this is not necessarily false, it may be...
The long-range objective of an aquaculture extension system is to help the rural fish farmers to reduce their desperate state of poverty through augmenting fish production. The study was conducted to understand the present situation of fisheries extension and to make a policy recommendations for the development of fisheries extension...
This paper formulates a simple biomass growth model of a fishery. The property rights regime is of the unregulated local common property type with a fixed number of fishermen and where the fish stock is exploited in a myopic profit-maximizing manner. Within this resource management setting it is demonstrated that...
Over the last four decades, the aquaculture sector especially in developing countries has experienced dramatic growth. The increase in aquaculture production is a combination of area expansion and technological change (enhanced strains, input of feed and fertilizer, and improved management). One example of such technological change is the selective breeding...