Marine ecosystems are generally more extensive and complex than terrestrial ecosystems. Our understanding of the ecological relationships and biological processes within marine ecosystems is rudimentary but improving. In addition, our appreciation of the range of goods and services available from the marine environment and demand for competing economic uses of...
The purpose of this study is to estimate the institutional change to the fisheries management system caused by the TAC system in Japan, referring to the case study of snow crab (Chionoecetes opilio) in the western Japan Sea. Snow crab fisheries management in Japan has been carried out based on...
The status of fisheries resources on coastal and offshore areas is getting worse in Taiwan. Thus, to establish a fishery resources management system has become the main task among stakeholders. In this study, we would like to examine the feasibility of imposing the community-based co-management system and setting closed fishing...
This paper develops an option value model to examine vessel owners in deciding to participate or not in the vessel buyback program. The model accounts for the uncertainty generally involved in a decision to retire an aged vessel and the underlying value of waiting for new information about the profitability...
New Zealand has recently implemented major changes to its Fisheries management regimes including strengthening the quota based property right, devolving the delivery of quota registry services to the industry and developing new computer systems to support industry and government requirements. The success of these changes is due to a number...
Setting aside the traditional simplistic “tragedy of the commons” notion, fisheries crises observed in the Northern Atlantic may be seen as the result of “mismatches” in the decision making process. The collapse of two fisheries, Atlantic Cod (Gadus morhua) in Canada and European Hake (Merluccius merluccius) in Europe, illustrate the...
Fisheries worldwide continue to suffer from the negative consequences of open access. In 1986, New Zealand responded by establishing an individual transferable quota (ITQ) system that by 1998 included 33 species and more than 150 markets for fishing quotas. We assess these markets in terms of trends in market activity,...