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The Common Fisheries Policy of the European Union and fisheries economics

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  • Frost, Hans
  • Andersen, Peder

Abstract

The revision of the Common Fisheries Policy of the European Union in 2003 was communicated in a 'Roadmap', including the opinion of the EU Commission on how to reform the fisheries policy. This paper reviews the Roadmap and confronts the opinion and initiatives proposed by the Commission with the 'conventional' bioeconomic theory. The purpose is to assess to what extent the lessons of the theory could be found in the Roadmap. Having in mind the complexity of the EU fisheries, the Roadmap, in particular, focuses on fleet management policy with the aim of reducing overcapacity on a community level. This applies as a supplementary means to the conventional fish stock conservation measures. In conclusion, the EU Commission is aware of the lessons learned from the bioeconomic theory.

Suggested Citation

  • Frost, Hans & Andersen, Peder, 2006. "The Common Fisheries Policy of the European Union and fisheries economics," Marine Policy, Elsevier, vol. 30(6), pages 737-746, November.
    • Handle: RePEc:eee:marpol:v:30:y:2006:i:6:p:737-746
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    References listed on IDEAS

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    1. Copes, Parzival, 1970. "The Backward-Bending Supply Curve Of The Fishing Industry," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(1), pages 69-77, February.
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    3. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
    4. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
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    Cited by:

    1. Lukas Schweiger, 2010. "The Evolution of the Common Fisheries Policy: Governance of a Common-Pool Resource in the Context of European Integration," Working Papers of the Vienna Institute for European integration research (EIF) 7, Institute for European integration research (EIF).
    2. Kanik, Zafer & Kucuksenel, Serkan, 2014. "Transferable Fishing Concessions and EU Fisheries," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 183092, European Association of Agricultural Economists.
    3. Kanik, Zafer & Kucuksenel, Serkan, 2016. "Quota implementation of the maximum sustainable yield for age-structured fisheries," MPRA Paper 70535, University Library of Munich, Germany.
    4. Ikerne Valle Erkiaga & Kepa Ikazuriaga, 2013. "Assessing Changes in Capital and Investment as a Result of Fishing Capacity Limitation Programs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 223-260, February.
    5. Fernando Gonzalez Laxe & M. Isabel Novo-Corti, 2010. "Examination of Management Models in the Common Fisheries Policy," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 83-104.

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