In the 1970s, herring stocks in the Northeast Atlantic were nearly fished to extinction. This collapse is usually attributed to technological advances. We investigate the empirical impact of technological shocks on herring stocks. We show evidence that the power block was the principal factor in...

The degree to which selectivity in fisheries is malleable to changes in incentive structures is critical for policy design. We examine data for a multispecies trawl fishery before and after a transition from management under common-pool quotas to a fishery cooperative and note a substantial...

Technological progress can improve economic development, but its role in the harvest of common resources has received little attention. We study the relationship between skill and the use of electronic and mechanical innovations in the productivity of Malaysian artisanal fishers. Surprisingly,...

What happens when an environmental NGO (ENGO) becomes involved in fisheries management, and its involvement is recognized by the managing authorities? The answer depends on the preferences and the measures of the ENGO. We use a bioeconomic objective function where fishers and regulator have...

Individual transferable quotas (ITQs) induce changes along both the extensive margin—via consolidation of quota among fewer vessels—and the intensive margin, as harvesters adjust their behavior to ITQ incentives. We use ITQ introduction in the Bering Sea crab fishery to decompose the sources...

Economic theory predicts that the least-efficient vessels are more likely to exit a fishery following the transition to an individual transferable quota (ITQ) management regime. Tools are needed to help analysts predict the likely degree and distribution of consolidation prior to implementing...

As an alternative to the more traditional fixed-price schemes, governments can run auctions to purchase environmental services from private agents. Governments have so far chosen the discriminatory price (DP) over the uniform price (UP) format. Theoretical and experimental studies have concluded...

In this paper we use a general model of imperfect competition to predict welfare changes within an open-access fishery after it transitions to individual transferable quota (ITQ) management. Although related research has explored the effects of market power in the harvesting sector on ITQ...

A monetary valuation study of marine management in the Dutch Wadden Sea, the largest natural area of the Netherlands, is presented. The study is motivated by a conflict between shellfisheries and large populations of birds that forage on cockles. Different management scenarios are valued using...

Using data from what was once one of the world’s largest capture fisheries, the northern cod fishery, the economic value of a marine reserve is calculated using a stochastic optimal control model with a jump-diffusion process. Counterfactual analysis shows that with a stochastic environment an...