This article develops and implements a Real Options approach to value renewable natural resources in the case of Marine Fisheries. The model includes two sources of uncertainty: the resource biomass and the price of fish, and it can be used by fisheries to optimally adapt their harvesting...

Fish production in Vietnam increased rapidly from 420 000 t in 1981 to 1 130 680 t in 1998. Likewise, there was an expansion in the number of motorized fishing boats from 29 584 units with an average horsepower (HP) of 19.8 boat-1 in 1981 to 71 800 units with an average HP of 26.2 in 1998. In...

This paper reviews the coastal fishery resources of Bangladesh emphasizing the coastal environment, capture fisheries and management issues relative to the sector. Bangladesh™s Exclusive Economic Zone (EEZ) covers an area of about 166 000 km2. This area has abundant natural resources such as...

Fisheries are an important source of animal protein for most of Thailand™s population, particularly in provinces on or near the coast. Between 1978 and 1997 the per capita consumption of fish averaged 24 kgâ•–capita-1 annually. In 1995, about 535 210 people were involved in the fisheries...

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...

The marine fisheries sector in Malaysia contributes significantly to the national economy in terms of income, foreign exchange and employment. In 1999, marine fisheries contributed 1.245 million t (90% of total fish production) valued at US$1.18 billion. The total value accounted for about 1.53%...

Marine fisheries production in India has increased from 0.5 million t in 1950 to 2.47 million t in 1997. The gross value of fisheries landings in India was US$2.37 billion in 1997. The contribution of fisheries to the Gross Domestic Product (GDP) has risen from 0.7% in 1980 - 81 to 1.2% in 1994...

The Java Sea is a major fishing ground in Indonesia contributing 31% of the national marine fisheries production. Demersal and small pelagic fishery resources account for most production in the area. During the 1960s and 1970s, strong demand for fish, which in Indonesia resulted from both...

The fishing industry in the Philippines was tantamount to a marine capture fishery in the 1950s to 1960s. Aquaculture and inland fishery production were not significant. Only during the 1970s did aquaculture and inland capture fisheries contribute significantly to fish production. From 250 000 t...

Indonesia™s fisheries exports rose from 2 206 t in 1970 to 598 385 t in 1996 with a subsequent export value rise from US$0.69 billion to US$1.78 billion. The surplus in the balance of trade (BOT) was US$1.59 billion in 1996. The fisheries exports were predominantly shrimp, tuna, skipjack and...