An ITQ scheme has been shown to create a quota induced incentive for discarding of fish in excess of what is socially optimal. This finding is corroborated by empirical evidence in several ITQ managed fisheries. The incentive for discarding, over and above those expected in an unmanaged or input controlled...
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...
The paper first introduces the fisheries management dilemma faced by many Asian developing countries including Thailand and the key elements of a transition policy towards responsible fisheries. It then analyses current fisheries management costs in Thai marine fisheries. Major cost items include fisheries research (especially stock assessment), monitoring, control and...
Trends in key fisheries indicators are presented to provide the context for a profile of the economic health of the world's marine fisheries. Estimates of the economic value of global marine fishery production and costs of production are used as inputs to an economic model to derive a range of...