Premium
THE INCREASING IMPORTANCE OF ECONOMICS IN FISHERIES REGULATION
Author(s) -
Cunningham Stephen
Publication year - 1983
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1983.tb00976.x
Subject(s) - fisheries management , property rights , principal (computer security) , marine fisheries , fishery , fisheries law , control (management) , economics , business , natural resource economics , fish <actinopterygii> , fishing , microeconomics , management , computer science , biology , operating system
In the past, management of marine fisheries has concentrated largely on biological matters, but a cursory glance at any major fishery reveals that such an approach has not been successful. This article considers the fundamentally economic control techniques which might be used to improve the economic (and biological) condition of the world's fisheries. The principal alternatives are regulation by taxation, licensing or some kind of property rights system, and the merits and demerits of each measure are analysed. It is concluded that a property rights system appears to hold the most promise for improved fisheries management in the future.