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Fisheries and the Processing Sector: Some Implications for Management Policy

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  • Colin W. Clark
  • Gordon R. Munro

Abstract

This paper discusses the economics of the commercial fishing industry under the hypothesis of independent harvesting and processing sectors (although the possibility of integration is also discussed briefly). The analysis is based on an explicitly dynamic fishery model. The competitive and monopsonistic cases are discussed in detail and compared with the social welfare optimum. The implications for governmental regulation are also investigated.

Suggested Citation

  • Colin W. Clark & Gordon R. Munro, 1980. "Fisheries and the Processing Sector: Some Implications for Management Policy," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 603-616, Autumn.
  • Handle: RePEc:rje:bellje:v:11:y:1980:i:autumn:p:603-616
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    Cited by:

    1. Kurt E. Schnier & Ronald G. Felthoven, 2013. "Production Efficiency and Exit in Rights-Based Fisheries," Land Economics, University of Wisconsin Press, vol. 89(3), pages 538-557.
    2. Homans, Frances R. & Wilen, James E., 2000. "Market Rent Dissipation In Regulated Open Access Fisheries," 2000 Annual meeting, July 30-August 2, Tampa, FL 21878, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Julio Peña Torres & R. Javier Bustos S. & Claudio Pérez B., 2005. "Mercados Informales y Control Vertical: Comercialización de Pesca Artesanal Perecible," ILADES-Georgetown University Working Papers inv161, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
    4. Jongwook Kim & Joseph T. Mahoney, 2002. "Resource-based and property rights perspectives on value creation: the case of oil field unitization," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 225-245.
    5. Sean Pascoe & Simon Vieira & Catherine M. Dichmont & André E. Punt, 2011. "Optimal vessel size and output in the Australian northern prawn fishery: a restricted profit function approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(1), pages 107-125, January.
    6. B. Rudders, David & Ward, John M., 2015. "Own-price elasticity of open access supply as a long-run measure of fish stock abundance," Marine Policy, Elsevier, vol. 53(C), pages 215-226.
    7. Kjell Holmåker & Thomas Sterner, 1999. "Growth or environmental concern: which comes first? Optimal control with pure stock pollutants," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 2(3), pages 167-185, September.
    8. Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
    9. Gardner M. Brown, 2000. "Renewable Natural Resource Management and Use without Markets," Journal of Economic Literature, American Economic Association, vol. 38(4), pages 875-914, December.
    10. Monette, Marcel, 1986. "L’Économique des pêcheries : une revue de la littérature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(2), pages 289-305, juin.
    11. Weninger, Quinn, 1999. "Equilibrium Prices in a Vertically Coordinated Fishery," Journal of Environmental Economics and Management, Elsevier, vol. 37(3), pages 290-305, May.
    12. Julio Peñ-Torres, 1999. "Harvesting Preemption, Industrial Concentration and Enclosure of National Marine Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(4), pages 545-571, December.
    13. Tai, Meng-Yi & Chao, C.C. & Lu, Lee-Jung & Hu, Shih-Wen & Wang, Vey, 2016. "Land conservation, growth and welfare," The North American Journal of Economics and Finance, Elsevier, vol. 38(C), pages 102-110.
    14. Julio Peña Torres, 2005. "Informal Markets, Perishability and Vertical Control: Brokerage of Artisanal Landings," ILADES-Georgetown University Working Papers inv165, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
    15. Ignace Adant & Pierre Fleckinger, 2005. "Controling externalities with asymmetric information : Ferrous Scrap Recycling and the Gold Rush Problem," Working Papers hal-00243017, HAL.
    16. Ronald G. Felthoven & Jean Lee & Kurt E. Schnier, 2014. "Cooperative Formation and Peer Effects in Fisheries," Marine Resource Economics, University of Chicago Press, vol. 29(2), pages 133-156.
    17. Costello, Christopher J. & Kaffine, Daniel, 2008. "Natural resource use with limited-tenure property rights," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 20-36, January.

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