The Economic Management of Capture Fisheries at the National/Regional Level

Trond Bjørndal and Gordon R. Munro

in The Economics and Management of World Fisheries

Published in print October 2012 | ISBN: 9780199576753
Published online January 2013 | e-ISBN: 9780191745973 | DOI:
The Economic Management of Capture Fisheries at the National/Regional Level

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In this chapter, the international ramifications of capture fisheries management are examined, with the major focus being on the management internationally shared fish stocks, particularly those fish stocks crossing the boundary of the coastal state EEZ. The theory of games is found to be an essential tool of analysis, with the consequence that the economics of the management of these internationally shared resources is seen to be a blend of the economics of fisheries management examined up to this point and game theory. The policy implications of the forgoing economics are then discussed in detail. The chapter then goes on to examine a second aspect of the economics international fisheries management, namely that of the relations between coastal states and so called distant water fishing states. The chapter concludes by discussing the key links between the management of capture fishery resources at the national/regional level and at the international level.

Keywords: game theory; principal agent analysis; UN Convention on the Law of the Sea; UN Fish Stocks Agreement; transboundary stocks; straddling stocks; distant water fishing states

Chapter.  24545 words.  Illustrated.

Subjects: Economic Development and Growth

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