We study optimal fishery management in an age-structured, bio-economic model where two age classes can be harvested independently. We show that the optimal amount of catch differs with age classes, and we derive conditions under which it is optimal to harvest only one age class. Our main policy...

According to international law, straddling fish stocks should preferably be managed cooperatively through regional fisheries management organizations (RFMOs). This paper analyzes the stability and success of these organizations through a game in partition function form based on the classical...

The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies have grown, the carrying-capacity of the planet - in regard to natural...

This paper develops linear quadratic robust control theory for a class of spatially invariant distributed control systems that appear in areas of economics such as New Economic Geography, management of ecological systems, optimal harvesting of spatially mobile species, and the like. Since this...

The objectives pursued by governments managing fisheries may include maximizing profits, minimizing the impact on the marine ecosystem, or securing employment, which all require adjusting the composition of the fishing fleet. We develop a management plan that can be adapted to those objectives...

This paper uses a non-market valuation study to elicit consumers' preferences for a marine restoration programme in the Black Sea aiming to reduce the level of public health risk from bathing and improve water quality and the overall level of marine biodiversity. In this context, we administer a...

For a long time, Norway has had resource rent taxes on oil- and natural gas extraction as well as on hydropower generation. Recently, resource rent taxes have also been levied on aquaculture, and wind power generation. This paper, gives a short overview of the rent theory, the basis for rent...

Shrimp farming and exporting is the main income source for the southern coastal districts of the Mekong delta. Monitoring these shrimp ponds is helpful in identifying losses incurred due to natural calamities like floods, sources of water pollution by chemicals used in shrimp farming, and...

The Pacific Island nations heavily rely on the tuna fishery for government revenue and economic growth. Since the conversion of some nations to the Vessel Days Scheme (VDS) from the fishing Quota system, the region's domestic catch has significantly increased. VDS has stimulated economic return...

The primary objective of this paper is to conduct a systematic literature review on the perceptions and attitudes of women's employment and leadership in India's blue economy. The study uses a systematic literature review to look at studies and reports published from 1 January 2000 to 5 November...