IDEAS home Printed from
   My bibliography  Save this paper

Economic Principles Of Sustainable Multi-Use Fisheries Management


  • Keith Criddle


Economic prescriptions for the sustainable management of fisheries have typically been framed in the context of commercial fisheries. Fishery management failures have been characterized as a consequence of disjointedness between individually rational decisions and globally sensible outcomes—the “tragedy of the commons”. The solutions proposed by economists flow from the insight that rational self-interest can lead to socially beneficial outcomes when ownership is secure and prices reflect the opportunity cost of resource use. Theoretical and empirical analyses have demonstrated that sole ownership, individual quotas, territorial use rights, fishing cooperatives, and common property management regimes can promote biologically and economically sustainable fisheries. Nevertheless, implementation of these “solutions” has met with resistance, due in part to the impossibility of uncoupling species within ecological systems and conflict between the proposed solutions and broadly accepted concepts of social justice. The problem of devising a sustainable management strategy is exacerbated in fisheries with diverse consumptive and non-consumptive users. An empirically based simulation-optimization model is used to characterize the biological and economic effects of alternative management regimes in a fishery with commercial and sport fishers. The results are generalized to the case of additional use and nonuse values.

Suggested Citation

  • Keith Criddle, 2002. "Economic Principles Of Sustainable Multi-Use Fisheries Management," Working Papers 2002-03, Utah State University, Department of Economics.
  • Handle: RePEc:usu:wpaper:2002-03

    Download full text from publisher

    File URL:
    File Function: First version, 2002
    Download Restriction: no

    More about this item


    This item is featured on the following reading lists or Wikipedia pages:
    1. Socio-economics of Fisheries and Aquaculture


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:usu:wpaper:2002-03. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John Gilbert). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.