Economics for Fisheries Management

Many of the world's fisheries face major challenges including overfishing, overcapacity and low returns. Using recent developments in microeconomic theory, and with numerous case-studies and examples, this book shows how to measure efficiency, productivity, profitability and capacity of fishing fleets and how to improve fisheries management. The book will prove invaluable to researchers, students and professionals interested in understanding the problems in fisheries and how they may be overcome. Economics for Fisheries Management addresses all of the major topics and methods for the economic evaluation of fisheries and demonstrates how these methods can be used to improve fisheries management.

List of Figures

vii

List of Tables

viii

Foreword

ix

Preface

xi

Acknowledgements

xiii

List of Abbreviations

xiv

1 The Economics of Fishing and Fisheries Economics

1

(24)

1.1 Introduction

1

(1)

1.2 An All Too Common Tragedy

2

(1)

1.3 An Economic Perspective of Fisheries Management

3

(2)

1.4 Economics of Fishing

5

(6)

1.5 Beyond Maximum Economic Yield

11

(2)

1.6 Bioeconomic Modeling and the MEY Target

13

(8)

1.7 An Economic Guide to Fisheries Management

21

(4)

2 Data for Economic Analysis of Commercial Fisheries

25

(32)

2.1 Introduction

25

(1)

2.2 Unique Challenges of Economic Data Collection for Fisheries

25

(1)

2.3 Priorities in Data Collection

26

(1)

2.4 Types of Economic Data

27

(2)

2.5 Experimental and Non-Experimental Nature of Data

29

(5)

2.6 Aggregate and Microeconomic Data

34

(2)

2.7 Administrative Data

36

(3)

2.8 Survey Data

39

(5)

2.9 Measurement Issues

44

(2)

2.10 Outliers and Influential Observations

46

(1)

2.11 Missing Observations and Incomplete Data

46

(1)

2.12 What Type of Data Should be Collected?

47

(7)

2.13 Conclusions

54

(3)

3 Measurement and Analysis of Efficiency in Fisheries

57

(26)

3.1. Introduction

57

(1)

3.2 Efficiency and the Common Pool Problem

57

(2)

3.3 Allocative, Technical, Scale and Overall Efficiency

59

(9)

3.4 Predicting Efficiency

68

(6)

3.5 Fisheries Applications

74

(7)

3.6 Conclusions

81

(2)

4 Understanding and Measuring Capacity in Fisheries

83

(22)

4.1 Introduction

83

(1)

4.2 Defining Capacity and Related Concepts

83

(10)

4.3 Capacity Output and Capacity Utilization

93

(3)

4.4 Methods for Measuring Capacity

96

(2)

4.5 Fisheries Applications

98

(3)

4.6 Conclusions

101

(4)

5 Measuring Productivity and Decomposing Profits in Fisheries

105

(22)

5.1 Introduction

105

(3)

5.2 Productivity Measures in Fisheries

108

(1)

5.3 Output, Input and Productivity Indexes

109

(5)

5.4 'Decomposing' Profits and Measuring Productivity

114

(7)

5.5 Fisheries Applications

121

(5)

5.6 Conclusions

126

(1)

6 Economics for Fisheries Management

127

(14)

6.1 Introduction

127

(1)

6.2 Economic Insights for Fisheries Management

127

(2)

6.3 Problems with Input Controls

129

(1)

6.4 Policy Choices and Fisheries Management

130

(2)

6.5 Challenges of Uncertainty

132

(2)

6.6 Adaptive Management in Fisheries

134

(2)

6.7 Overcoming Failures in Fisheries

136

(1)

6.8 Future of Fisheries

137

(4)

Glossary

141

(16)

Index

157

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Economics for Fisheries Management

Summary

Table of Contents

Supplemental Materials