Indirect benefits have a long history in the literature of benefit-cost (B-C) analysis. A commonmeasurement tool for indirect benefits is the Leontief or Input Output Model (I-O), and this paper discussesindirect benefits as if they are identical to I-O analysis. The B-C literature disparages I-O for assessing theeconomic efficiency of...
Recreational fisheries are severely understudied by fisheries economists, in
spite of their growing importance in the context of fisheries management.
While recreational demand models have been extensively applied to
recreational fisheries, they have rarely been successfully integrated with
bioeconomic models to evaluate policy changes. Furthermore, theoretical
models of open access...
Upon request by the European Inland Fisheries Advisory Commission
(EIFAC), group of prominent economists and other social scientist were
assembled to create a set of guidelines for assessing socio-economic
benefits of the European inland recreational fisheries. A wide range of
international interest groups and academics were included in this process...
In the standard economic approach to optimal allocation, aggregate
economic benefit is maximised where the sustainable harvest is allocated
so that marginal net benefits are equal. The model assumes a known
sustainable harvest. It also assumes optimal intrasectoral allocation in each
sector. The Western Australian West Coast demersal fishery, like...
Summer flounder is an important commercial and recreational species in
the Mid and North Atlantic regions of the United States. The stock has
been undergoing rebuilding since 1993 and is not currently overfished but
is not yet recovered. Within this fishery, commercial and recreational
quotas are often exceeded. Current allocation...