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Fisheries Economics and Management

Fisheries Economics and Management
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ISBN: 978-87-403-1193-8
1 edition
Pages : 177
  • Price: 129.00 kr
  • Price: €13.99
  • Price: £13.99
  • Price: ₹250
  • Price: $13.99
  • Price: 129.00 kr
  • Price: 129.00 kr

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About the book

  1. Description
  2. Preface
  3. Content
  4. About the Author

Description

Many marine fish resources are overexploited and the total world production of wild caught fish has declined a little since the peak in the mid-1990s. This book analyses the economic and biological forces and consequences of fish exploitation where there is open access to the resource. What’s more, effective methods to mitigate economic and biological declines, as well as ecosystem effects, are rigorously analysed, but without going beyond the mathematical level of most high school graduates. The analytic models include the basic elements of fish population dynamics and fishing vessel behaviour, with focus on effective management instruments to create economic surplus and welfare without jeopardising ecosystem health. This includes resource taxes, fish quotas, gear and vessel restrictions and marine protected areas. This book should be of value to both undergraduate and graduate students in economics as well as across inter- and multi-disciplinary fisheries programs.

Preface

This book is the result of many years’ experience of teaching fisheries economics and management, also called bioeconomics, for undergraduate and graduate students in interdisciplinary programs, both in Norway and abroad. These students often have a limited background in economics and mathematics and the challenge has been to be analytical without being unnecessary mathematical. I have found that with the exercises at the end of some of the chapters students are quite capable looking at fisheries economics and management from an analytic perspective. Exercises and careful reading of the logical steps of the text is the key to understanding fisheries economics.

Content

  1. Introduction
  2. Population dynamics and fishing
    1. Growth of fish stocks
    2. Effort and production
    3. Yield and stock effects of fishing
  3. A basic bioeconomic model
    1. Open access bioeconomic equilibrium
    2. Maximising resource rent
    3. Effort and harvest taxes
    4. Fishing licences and quotas
  4. Investment analysis
    1. Discounting
    2. Fish stocks as capital
    3. Long-run optimal stock levels
    4. Transition to long-run optimum
    5. Adjusted transition paths
  5. The Gordon-Schaefer model
    1. The logistic growth model
    2. The open-access fishery
    3. Economic optimal harvesting
    4. Discounting effects
  6. Fishing vessel economics
    1. Optimal vessel effort
    2. Vessel behaviour in the long run
    3. Quota price and optimal effort
    4. A small-scale fisher’s choice of leisure time and income
  7. Extension of the basic bioeconomic model
    1. Intra-marginal rent for the most efficient vessels
    2. Marine reserves
  8. Growth and yield of year classes
    1. Growth and ageing
    2. Sustainable yield and economic surplus
  9. Multispecies and ecosystem harvesting
    1. Multispecies and ecosystem management
    2. More on predator-prey modelling
  10. Recreational fishing
    1. Recreational angling
    2. Short-run analysis
    3. Long-run analysis

About the Author

Dr. Ola Flaaten is a Professor of Resource Economics at the University of Tromsø, the Arctic University of Norway. His professional career started at the Ministry of Fisheries, Oslo. He has spent sabbatical years at the University of British Columbia, Canada and the University of Portsmouth, UK, as well as shorter terms at University of Copenhagen and University of Nha Trang. For three years, he was Head of the Fisheries Division, the Organisation for Economic Cooperation and Development (OECD), Paris. For two periods, he has been the advisor to joint projects between Nha Trang University, Vietnam and three Norwegian universities, funded by the Government of Vietnam and the Government of Norway. He has been on international panels evaluating fisheries programs in Denmark and Mozambique. He was a member of a Government of Norway appointed committee on climate change. He initiated and coordinated the Master program in Fisheries and aquaculture management and economics (NOMA-FAME), Nha Trang. Professor Flaaten has participated in and headed research projects funded by Norwegian, Nordic and EU research councils. He has published three books, book chapters, journal articles, conference proceeding papers, and economic and policy reports, in both English and Norwegian, with some translations to Russian and Vietnamese. He holds the Distinguished Service Award of The International Institute of Fisheries Economics and Trade (IIFET), Certificate of Appreciation from Nha Trang University and Diploma and Medal from The Minister of Training and Education, Vietnam.

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