Economists have long promoted fishery rationalization programs, but ITQs may fail to address the ecological consequences of fishing. Of particular concern is that economic incentives to harvest larger fish (due to size-dependent pricing or quota-induced discarding) can destabilize fish...

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...

We analyze a policy experiment in an Alaskan commercial fishery that assigned a portion of an overall catch quota to a voluntary cooperative, with the remainder exploited competitively by those choosing to fish independently. Unlike the individual quota system advocated by many economists, the...

In commercial fisheries, stock collapse is an intrinsic problem caused by overexploitation or due to pure stochasticity. To analyze the risk of stock collapse, we apply a relatively simple Monte Carlo approach which can capture complex stock dynamics. We use an economic model with downward...

On May 31, 2010, Australia instituted proceedings against Japan in the International Court of Justice alleging that Japan's JARPA II whaling operation violates “obligations assumed by Japan under the International Convention for the Regulation of Whaling (‘ICRW'), as well as its other...

Vaquita marina, a small species of porpoise endemic to the Northern Gulf of California in Mexico, is the world's most endangered cetacean species. With the purpose of preserving vaquita, the Mexican government launched PACE-Vaquita in 2008. This voluntary program o ffers an innovative schedule...

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...

This paper analyzes the current status of fisheries and aquaculture in Southeast Asia and international trade. Analysis concludes that a policy of sustainable management for both capture fisheries and aquaculture is of greatest importance, but such a policy has been neither planned nor...

Lake Victoria, globally the second-largest freshwater Lake by surface area, houses an artisanal Nile Perch Fishery that directly involves around 200K people. While the 10 whole Lake surface is potentially available to fishing activities, the fishing vessels' operational and technical...

Remittances to developing countries exceed $550 billion annually. Although many poor rural households that depend on these remittances also harvest local common-pool resources, few studies explore this relationship. We develop a dynamic model of a coastal fishing household with remittance...