Fish stocks can be considered as natural capital stocks providing harvestable fish. Fishing at low stock sizes means borrowing from the natural asset. While fishing a particular quantity generates immediate profits and income, an interest rate has to be paid in terms of foregone future fishing...

To investigate a potential relationship between financial and marine resource use decisions, we conducted a time preference experiment with 153 fishers and 197 SCUBA divers on Curaçao and Bonaire. The experiment was part of a socioeconomic survey wherein interviewees were asked about their...

Individual transferable quotas (ITQs) in multispecies fisheries create incentives for fishermen to avoid bycatch of species for which quota is scarce. However, when bycatch is highly uncertain, individual quota demand and prices may be volatile creating substantial financial risk for fishermen....

This paper addresses the management of multispecies fisheries, and suggests the use of restricted fishing policies as an interesting option for unassessed fisheries (as is the case within developing countries). Specifically, we consider a predator–prey system under two potential management...

This paper analyzes the coalitional Great Fish War model under the assumption that players differ in their time preferences and use different discount rates. We derive the equilibrium payoffs of this coalitional game and investigate the impact of the asymmetry assumption on the extreme schemes...

Failure to manage the harvest of a metapopulation at its underlying ecological scale can lead to extirpation of discrete subpopulations and reduce productivity. However, it may be difficult and costly to assess and manage stocks at a finer spatial scale, and there is generally greater...

The Tonle Sap wetland fishery was previously divided into 3 different management zones for conservation, open access fishing and private fishing. Rights to the private fishing zone involved auctions for exclusive rights to temporarily designated plots. This paper aims to explore the...