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Overfishing

In: Environmental Economics

Author

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  • Hans Wiesmeth

    (TU Dresden, Faculty of Business and Economics)

Abstract

The continuing exploitation of the world’s marine fishery resources has led to many attempts to control the “race for fish” with some positive developments, but still without groundbreaking success. In order to understand the “economics of fisheries”, this chapter presents, after some introductory remarks, a formal model, which integrates economy and biology, and reveals the various externalities affecting fishing activities. The equilibrium model allows insight into the economic and biological mechanisms leading to overcapacity and overfishing, as well as the role of globalization and international trade in this context. The conclusions of the formal analysis include aspects of quota management systems and an examination and evaluation of the current fisheries policies of the EU and the U.S.

Suggested Citation

  • Hans Wiesmeth, 2022. "Overfishing," Springer Texts in Business and Economics, in: Environmental Economics, edition 2, chapter 0, pages 269-305, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-05929-2_14
    DOI: 10.1007/978-3-031-05929-2_14
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