A Recovery Program for Baltic Cod as a Profitable Long-Term Investment Decision? - A Question for Fisheries Economists in the Baltic Sea Regional Advisory Council Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/hh63sw882

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  • Nearly 75% of the stocks in the waters of the European Union are overused. Therefore, recovery programs are both necessary and urgent. However, the decisions made by the fisheries ministers rather seem to prolong the overuse situation instead of putting an end to it. From an overall perspective, it would be better to invest now in stock recovery than to accept further overuse. But fishermen’s organisations argue against feasible programs because they fear their members might go bankrupt. Questions regarding the feasibility of recovery programs will therefore form part of future debates in the new Regional Advisory Councils (RACs) and for economists in the working groups. The first section of this paper gives a short overview of the new structure of the Common Fisheries Policy. The precautionary approach as envisioned by fisheries biologists, is part of the second section, followed by a discussion on investments in natural capital from a fisheries economics perspective. With reference to a possible recovery program for the Baltic Sea cod fishery I show the results calculated for a specific fishery and how a situation similar to the one we find at present could be avoided in the future.
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  • Doring, Ralf. 2006. A Recovery Program for Baltic Cod as a Profitable Long-Term Investment Decision? - A Question for Fisheries Economists in the Baltic Sea Regional Advisory Council. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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