This title was first published in 2002: This important collection of international research on fisheries economics offers a comprehensive source of contemporary research on key topics in the field, as well as presenting the history of how the economic theory of fisheries exploitation has developed. Bringing into focus a wide range of inquiry, this volume concentrates most particularly on the traditional economic problem of optimal resource allocation. Individual papers examine fundamental issues including, the lack of efficiency of open access and the specification of exactly what dynamic efficiency entails. Fisheries Economics is an invaluable research reference collection for the libraries of academic and other professional economists, as well as an indispensable resource for those studying across the fields of natural resources, fisheries economics and particularly fisheries management.

part I|1 pages

The Basics

chapter 1|19 pages

The Economic Theory of a Common-Property Resource: The Fishery 1

ByH. Scott Gordon

chapter 2|9 pages

The Fishery: The Objectives of Sole Ownership 1

ByAnthony Scott

chapter 4|15 pages

The Economics of Fishing and Modern Capital Theory: A Simplified Approach 1

ByColin W. Clark, Gordon R. Munro

chapter 5|23 pages

The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment 1

ByColin W. Clark, Frank H. Clarke, Gordon R. Munro

part II|1 pages


part |1 pages

Demand, Supply, and Inputs

part |1 pages


chapter 9|8 pages

Extinction of a Fishery by Commercial Exploitation: A Note

ByJ. R. Gould

chapter 10|5 pages

The Economics of Overexploitation

part |1 pages

Disaggregated Models

chapter 11|18 pages

On Models of Commercial Fishing

ByVernon L. Smith

part III|1 pages


chapter 13|17 pages

Development of Economic Theory on Fisheries Regulation 1

ByAnthony Scott

chapter 16|16 pages

Individual transferable quotas: theory and practice

ByR. Quentin Grafton

chapter 17|24 pages

Minimum information management in fisheries

ByRagnar Arnason

chapter 20|20 pages

Entry Restrictions in the Fishery: A Survey of the Evidence

ByRalph E. Townsend

chapter 21|18 pages

Contracting Problems and Regulation: The Case of the Fishery

ByRonald N. Johnson, Gary D. Libecap