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...

In the game theory literature, Garrett Hardin's famous allegory of the tragedy of the commons has been modeled as a variant of the Prisoner's Dilemma, labeled the Herder Problem (or, sometimes, the Commons Dilemma). This brief paper argues that important differences in the institutional...

We examine a model in which two firms strategically compete in a duopolistic product market. Firms produce a homogenous product and face stochastic industry demand. Each firm has a single option either to expand or contract capacity, and hence output. In this setup we analyze the risk...

Taking into consideration the changes in the rules for the price support for agricultural and sea products, it seems appropriate to find out what other means could be used to cover the price risk in order to protect the commercial margin of these sectors of activity. The use of derivatives tools...

With contributions by David Campbell, Chris Carter, Barry Gamble, John Hibbs, Bob Lee, John Meadowcroft, Julian Morris, Richard D. North, Sean Rickard, Aileen Stockdale amp; Paul Withrington.The book charts the development of the new rural economy and considers whether government policy has kept...