This paper is intended to revisit the question of rational fisheries exploitation raised by Gordon in his celebrated 1954 article in the Journal of Political Economy, that has served as the starting point for the development of the fisheries economics sub-discipline.

The fisheries resources within the EEZs of countries in the Organization of Eastern Caribbean States is not being exploited at their maximum sustainable yield. Fisheries development has however been hampered by a history of these states, little or no sectoral development planning. If member...

The fisheries sector in the Philippines provides a significant contribution to the na-tional economy in terms of income, foreign exchange and employment. In 2000, total fish production was estimated at 2.94 million t, 84% of which was derived from marine capture fisheries. The export of fish and...

Using data from the Mid-Atlantic surf clam and ocean quahog fishery, we find that firms with a preference for extreme, rather than moderate, policies are much more likely to participate in public meetings where regulation is determined. We also find that participation rates are higher for...

There is empirical and theoretical evidence indicating that quota-induced highgrading is aproblem in weight-based ITQ programs. This paper examines value-based ITQ programs as apossible solution to this problem. It is shown that value-based ITQ programs do not provide anincentive to highgrade,...

This paper considers the choice among three different types of individual quota programs in a multi-product fishery when technology, prices, and compliance are all uncertain: (1) Aggregated quota, which regulates the total weight of all species; (2) Disaggregated quota, which regulates the...

We replicate and extend an experiment due to Walker and Gardner by investigating the effect of communication in a common pool resource subject to probabilistic destruction when group appropriation exceeds a safe zone. We replicate the Gardner and Walker result that destruction of the resource is...