Pitfalls and Limitations in the Use of Fishery Valuation Techniques

While considerable effort has been undertaken to develop fishery valuation techniques, there has been limited success in applying the results to management situations. Most of these valuation measures have been economic in nature so they must be interpreted within a broader context of valuation with particular concern for the objectives of public ownership and management. Added to the conceptual shortcomings of many valuation techniques are difficulties in securing consistent and accurate measurements. All of these limitations must be considered when valuation measures are applied to resource management situations.