The goal of this paper is to promote two ideas neglected by economists: sole ownership in fisheries and quantity regulation of a monopoly. By reviewing contemporary literature, the paper constructs an argument that sole ownership would not only solve many problems inherent to Individual...

Understanding what determines the extent to which economic agents tell the truth to their regulating authority is of major economic importance, from banking to environmental protection. To this end, we examine truth-telling of German commercial fishermen in an artefactual field experiment. Their...

This study examines the factors that influence the blue economy in EUROMED, aiming at promoting economic growth in line with the UN Sustainable Development Goals. EUROMED was chosen because all of its nations have fisheries and marine tourism, which are the two key indicators of the blue...

Fish consumers are often challenged by tradeoffs between nutritional benefits and contaminant risks, which increase due to environmental pollution. Health campaigns and labeling initiatives can guide decision-making by providing information both on contaminant risk and nutritional value of a...

The introduction of a sonar system for fisheries by the Norwegian firm Simrad had lasting effects on the industry, as the system was based on digital mastery that could be utilized for other products. Norwegian engineers with sonar experience were the driving force behind this breakthrough,...

Since the mid-1970s, overfishing has had a considerable impact on the American seafood industry, and companies serving the American seafood market have taken steps to respond to the crisis. Following a brief survey of modern-day fishing and of the steps that have been taken to mitigate...

There are several examples of pelagic fisheries that have experienced fishing collapse when facing downward abundance cycles. Improving understanding about pelagic catch's stock dependence can help avoid new cases of fishing collapse. This paper analyses the possible endogeneity of the fish...

This paper examines how rotation arrangement between two groups of Japanese fishers with different institutional arrangements affects fishing behaviour and economic outcomes in a particular economic environment characterised by price discrimination and product durability. In one group, fishers...

Introducing a futures market for fishing rights would increase utility for risk averse fishermen. We use the EV model to analyze possible reductions in (expected) profits for futures trading that would make fishermen indifferent between the situation with and without futures markets. It is found...

We consider a model of a fishery in which the dynamic of the unharvested fish population is given by the stochastic logistic growth equation. Similar as in the classical deterministic analogon, we assume that the fishery harvests the fish population following a constant effort strategy. In a...