The Economics and Management of World Fisheries [Hardcover]

Capture fisheries make contributions to the world economy that are below their potential. Many of the world's capture fishery resources have been overexploited with some facing collapse. This book presents an overview of the current economics of capture fisheries and examines how they can achieve their full economic potential.Over the past several decades there has been increasing interest in, and concern about, the economics of the world's capture fishery resources. Massive amounts of resource rent are being lost because of inadequate management and major rebuilding of fishery resources is called for.This book draws together the latest economic theory of the management of these resources, at both the national and the international levels, and highlights areas where further research is urgently required. The emphasis is on world capture fisheries, rather than fisheries of specific regions, and examples are drawn upon from both developed and developing countries. It combines economic theory and empirical testing with an examination and analysis of resource policy options, with particular emphasis on fisheries management polices at the international level, where some of the most difficult resource management problems are found. The authors maintain that capture fishery resources are properly viewed as a part of society's portfolio of natural capital assets. Consequently, a central theme of the book is that managing such resources should be viewed as asset management through time.Written by two leading authorities, this accessible textbook has been specially developed to meet the needs of students taking courses on fisheries management as well as professionals working in this area for governments and international organisations.1. Introduction: Overview of World Capture Fisheries and the Foundation of Fisheries Economics2. The Static Economic Model of the Fishery3. The Basic Dynamic Economic Model of the Fishery4. Empirical Applications of the Dynamic Economic Model5. ls