Market failure in open access fisheries usually results in economic losses, because the most efficient means of harvesting fish resources are not used, and because fish resources are not allocated to the use with the highest social marginal value. In efficient, competitive markets, pricing mechanisms would ensure the optimal allocation...
In several countries, cost recovery and/or rent collection (CRRC) has become integral to fishery management. This paper will examine CRRC from three perspectives: neo-classical economic efficiency, equity, and public choice. Partial equilibrium economic efficiency arguments include incentives for industry to implement (or lobby for) efficient delivery of management services. On...
This paper outlines the process and impact of a phased introduction of cost recovery on the Victorian wild and aquaculture sectors and the framework for tracking and delivering data outputs to a co-management fisheries management structure. In order to determine whether efficient and effective development and use of fisheries resources...
In the Philippines, the current licensing policy for commercial fishing does not significantly contribute to the general goals of fisheries management. It is a failure as a monitoring tool as evidenced by the absence of a comprehensive information system on fish catches, effort and area of operation. Fisheries licensing does...