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Rent Generation and Dissipation in the Western Central Pacific Ocean Tuna Fishery

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  • Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
  • The governance of fish resources that migrate between or straddle different national EEZs is always complicated and often contentious. In the Western and Central Pacific Ocean (WCPO) valuable tuna stocks are found in significant quantities in more than 12 national Exclusive Economic Zones as well as extensive high seas areas and are exploited by both local and distant water fishing firms using a variety of fishing techniques. The Pacific Island Countries and Territories (PICTs) that share these stocks benefit economically from the fishery through license fee revenues and from the landing if tuna for local processing generating employment opportunities in a region where chronic unemployment is prevalent and opportunities to increase national incomes few. The WCPO tuna fishery is managed via a complex web of regional, sub-regional and national fisheries management bodies and management arrangements. This paper explores the characteristics of the fishery and its management that contribute to rent generation and hence benefit PICTs sharing the resource.  It further describes aspects of the fishery that may lead to rent dissipation and a loss of potential benefits to PICTs.  By comparing these rent generating and rent dissipating characteristics, the innovative aspects of the current management of WCPO tuna stocks that contribute most to rent creation can be identified while also identifying future innovations that will contribute to further rent creation. Characteristics unique to the WCPO tuna fishery are identified, as are attributes that may have broader application to the management of other highly migratory fish stocks.
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  • Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.
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  • Aberdeen, Scotland, UK
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  • 0976343290



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