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The Application of Basic Economic Principles to Real-World Fisheries Management and Regulation

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  • Lee G. Anderson

Abstract

The article provides a brief history of fisheries management and the development of the fisheries economics paradigm taking into account the distinction between fisheries management (the decision to control the amount and timing of fisheries exploitation) and fisheries regulation (the specification of the rules and procedures to control the actual taking of fish such that actual mortality is equal to the desired mortality). It is noted that the concepts from regulation analysis have been commonly adopted in real-world management practices, but this has not been the case for the concepts from fisheries management analysis. Preliminary analysis of why this is so and suggestions for how to correct it are suggested.

Suggested Citation

  • Lee G. Anderson, 2015. "The Application of Basic Economic Principles to Real-World Fisheries Management and Regulation," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 235-249.
    • Handle: RePEc:ucp:mresec:doi:10.1086/681279
    DOI: 10.1086/681279
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    Cited by:

    1. Burgess, Matthew G. & Carrella, Ernesto & Drexler, Michael & Axtell, Robert L. & Bailey, Richard M. & Watson, James R. & Cabral, Reniel B. & Clemence, Michaela & Costello, Christopher & Dorsett, Chris, 2018. "Opportunities for agent-based modeling in human dimensions of fisheries," SocArXiv gzhm5, Center for Open Science.
    2. Itziar Lazkano & Linda Nøstbakken, 2016. "Quota Enforcement and Capital Investment in Natural Resource Industries," Marine Resource Economics, University of Chicago Press, vol. 31(3), pages 339-354.

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