In 1996, the US New England Fishery Management Council formed a
technical team (PDT) to develop a new plan for Atlantic Herring (Clupea
harengus harengus). The inshore stock was close to fully exploited while
the offshore stock was underexploited. There were few full-time herring
harvesters and very few processors. Fresh...
40 years ago the Atlanto-Scandian herring stock collapsed with severe consequences for Iceland´s monotonic economy at that time. Two years ago the international credit crisis brought the country´s largest banks to insolvency, which shocked the whole economy with butterfly effects in neighbouring countries. The paper begins with an overview of...
The herring stocks in the Northeast Atlantic were nearly fished to
extinction in the 1970s. This collapse is usually attributed to advances in
fishing technology. The impact of productivity shocks depends critically on
how sensitive the fish catch is to the size of the stock. If the catch per unit...