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...
Kattudel or stake net fishery is an ancient (from early 1950s) lagoon fishing technique in many regions of Sri Lanka. It drags special attention due to the absence of open access nature. The fishery is regulated by kattudel association stemming from the Catholic Church. In fact, the fishery has its...
We estimated the economic rent obtained currently (that is, in 2002) in the Namibian hake fishery and the rent that might potentially be obtainable if the fishery were managed optimally in the sense of economics. We first reviewed previous economic and biological studies. We then used the theory and model...
A debate is emerging over the extent to which privatization of fishery resources – private ownership and resource management without significant state oversight- is practical and socially desirable. What we term the “optimists” maintain that there are no effective limits to privatization and that the decades old fear that privatization...
Despite potential advantages of rights-based management over competitive fisheries, there has been significant political resistance to rights-based management from many fishermen, which has slowed the
adoption of rights-based management. This paper explores the concept of voluntary transitions to rights-based
management, under which fishermen may choose between an allocated fishery (with...
Over fishing is one of the obstacles faced in managing sustainable fishery resources. Even though various management instruments to control fishery resources have been in place, most of the time these instruments are not effective to curb over fishing especially in developing countries where poverty in coastal communities is still...
Marine Protected Areas (MPAs) can be considered as one of powerful conservation tools of fishery resource management in the literature. However, due to continuing environmental awareness and mismanagement, the Philippine government has decentralized the power of legislation and management of its MPAs since the early 2000. This encouraged participation of...
The Norwegian government has recently put forward a white paper concerning the management of the red king crab in the Barents Sea. The crab is an introduced species in the Barents Sea. The motive of the introduction was to improve the economy of the Russian coastal fisheries, as the crab...
The Social Sciences Branch (SSB) of NOAA’s Northeast Fisheries Science Center (NEFSC) uses economic data to estimate the economic impacts of fisheries regulatory actions. Since 1995, the Northeast Fisheries Observer Program has collected trip cost information from commercial fishing vessels on which observers have been deployed. However, the allocation of...
In agriculture there has been a long history of using a levy or an insurance premium to create mutual funds to mediate economic risks to growers due to environmental variability and quarantine pests. In the United States the federal government, through the USDA, continues to underwrite funds (collected by private...