The majority of monitored fish stocks globally is fully or over exploited, that is, at or below their maximum sustainable yield stock levels. Despite this resource situation international trade in fish products have been increasing for a long time. An export tax on fish and fish products, as an alternative...
This paper studies the potential for cooperation in shared fisheries when the countries in the coalition act in a Stackelberg fashion with respect to the remaining singletons. An increase in the cooperation level is a social welfare improvement, leading to an increase in both the steady-state fish stock and total...
The paper analyzes the recent behavior of the Peruvian Anchoveta Sector, the largest single stock fishery in the world. It describes the different phases of boom and contraction that it has undergone since the 1960s, and how the lack of adequate regulation allowed –and even fostered– over-investment in the sector...
Under the new Law of the Sea, the definition of exclusive zones was considered an important first step towards improved management of the world's fisheries. However, one of the limits to the effectiveness of extended Jurisdictions was the problem of transboundary fish stocks. This question recently appeared at the centre...
The Lofoten fishery exploits the spawning migration of the Northeast- Arctic cod and is one of the fisheries in the world with the longest history. Since 1860, data on participation and catches in the Lofoten fishery are available. For about a hundred years, labor productivity in this fishery, measured as...
About 25% of the world's fisheries are depleted such that their current biomass is lower than the level that would maximize the sustained yield (MSY). Using methods not previously applied in the fisheries conservation context, we show in four disparate fisheries (including the long-lived and slow-growing orange roughy) that the...
Age and size at maturity are key life-history traits in a fish stock. At the individual level age and size at maturity affect fecundity, growth and survival. At the population level these factors interact to affect age and size distribution, the population dynamics and the productivity of the stock. A...
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...
This paper estimates current resource rents being generated in the Icelandic cod fishery and compares them to the maximum sustainable attainable ones. For this purpose a simple aggregative model of the cod fishery is specified and empirically estimated. It is found that in spite of the cod stock being in...
A canvass of the resource economics literature of the last thirty years yields a limited number of applications of economic theory to the problems of recreational fishing. This neglect may be linked to the short shrift given to the control of recreational fisheries (relative to commercial fisheries) by fisheries managers...