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Modeling Disaster: The Failure of Management of the New England Groundfish Industry

Author

Listed:
  • James M. Acheson

    (University of Maine)

  • Roy Gardner

    (Indiana University, Kyiv School of Economics)

Abstract

Most of the worlds' marine fisheries are overexploited or endangered, including the New England groundfishery, once one of the world’s most prolific. After 35 years of management, stock sizes and catches are lower now than ever. We argue that New England groundfishermen are caught in a prisoner’s dilemma, from which they have failed to escape. We then suggest a set of policies to get these groudnfishermen out of their dilemma.

Suggested Citation

  • James M. Acheson & Roy Gardner, 2010. "Modeling Disaster: The Failure of Management of the New England Groundfish Industry," Discussion Papers 23, Kyiv School of Economics.
    • Handle: RePEc:kse:dpaper:23
    Note: Revise and resubmit at the National Maritime Fisheries Journal
    as

    Download full text from publisher

    File URL: http://repec.kse.org.ua/pdf/KSE_dp23.pdf
    File Function: April 2010
    Download Restriction: no
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    More about this item

    Keywords

    Fishermen's dilemma; fishery management; New England fisheries;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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