Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development …-agent issues from asymmetric information between the regulator and fishers, which potentially form serious obstacles to fisheries …

study focuses on the problems of exploiting an open-access renewable resource: the sea fisheries of Peninsular Malaysia. It … traces the history of fisheries development in that country, and shows how open access to a rich resource can rapidly lead to … overfishing and serious stock depletion. The various efforts of managing the fisheries are also discussed. …