Fisheries Economics and 20 Years with Marine Resource Economics: A Citation Analysis

Abstract This paper reviews the impact of articles published in the Marine Resource Economics (MRE) and within the field of fisheries economics in general over the period 1954–2004. Specific attention is given to the years 1984–2004, which is the period that MRE has been published. The degree of influence is assessed using citation analysis. I present the most cited papers in MRE, the top ten all time cited fisheries economics papers, and the most cited papers during each decade over the last 30 years. By analysing the trend of recently published papers, I can assess which ones are projected to be most influential. Keywords: Fisheries economics, Marine Resource Economics, ISI. JEL Classification Code: Q22.Fisheries economics, Marine Resource Economics, ISI, Resource /Energy Economics and Policy, Q22,

On Catch Discarding in Fisheries

This paper examines the economics of catch discarding in fisheries. To study this issue a simple dynamic fisheries model is constructed. On the basis of this model it is demonstrated that in a differentiated fishery discarding of catch may be socially optimal. The paper goes on to show that individual firms in a free access, competitive fishery employ the socially optimal discarding rule. In contrast, the individual transferable quota (ITQ) fisheries management regime tends to generate an excessive incentive for discarding catch. The problem, however, does not appear to derive from the ITQ .system as such. Rather, it seems to depend on the imperfect application of the system to real fisheries. The concept of a discarding function is defined and it is shown that at least within the framework of the model employed the discarding function for an ITQ fishery dominates the one for free access, competitive fisheries. Numerical examples are provided. Finally, possible remedies of the discarding problem are briefly discussed.Fisheries economics, ITQs. discarding, highgrading, discarding function, differentiated fishery, Environmental Economics and Policy, Production Economics, Resource /Energy Economics and Policy,

The shape of fisheries to come. Some thoughts on fisheries development and education with special reference to aquaculture

A brief discussion is presented on the current situation regarding world fisheries and the future role of aquaculture. The various components involved in fisheries, and affecting all changes in fisheries through time, include the biology of the species involved, environment, technology/engineering and socio-economics. The importance of education in fisheries and aquaculture development is also examine

Capacity Analysis and Fisheries Management: Is the Tail Wagging the Dog?

Fisheries management, capacity analysis, fisheries policy., Resource /Energy Economics and Policy, Q22, Q28,

The Icelandic Individual Transferable Quota System: A Descriptive Account

This paper provides a brief description of the evolution and current structure of the individual quota system (IQ) in the Icelandic fisheries. This particular fisheries managerial system was introduced at different times in different fisheries — in the herring fisheries in 1976, in the capelin fishery in 1980 and the demersal fisheries in 1984. Since 1990 all Icelandic fisheries have been subject to a uniform system of individual transferable quotas (ITQs). The paper discusses the social and economic impetus for the initial adoption of the ITQ fisheries system in the various fisheries, sketches its subsequent development and describes the key elements of the current system. Assessments of the economic impact of the ITQ system are presented in the last part of the paper. Although a definitive study of this impact is not available, the various indicators presented generally indicate an improvement, sometimes substantial one, in the economic efficiency of the fisheries in question.Individual transferable quotas, fishery management, economic impact and performance, Environmental Economics and Policy, Production Economics,

Economics and Hawaii's Marine Fisheries

This paper reviews economic research conducted on Hawaii's marine fisheries over the past ten years. The fisheries development and fisheries management context for this research is also considered. The paper finds that new approaches are required for marine fisheries research in Hawaii: A wider scope to include other marine resource and coastal zone issues, and increased and closer collaboration between researchers and the fishing community

TROPHIC PORTFOLIOS IN MARINE FISHERIES: A STEP TOWARDS ECOSYSTEM MANAGEMENT

Marine ecologists warn that humans are "fishing down marine food webs." To explore the economic implications of this phenomenon, this paper applies portfolio theory to aggregate fisheries data. It poses two definitions of a sustainable mean-variance catch frontier. It computes a mean-variance frontier for catch using UNFAO historical fisheries data. Finally, the paper discusses the historical trend in inefficiency.Environmental Economics and Policy, Resource /Energy Economics and Policy,

The economics and management of Thai marine fisheries

Fishery economics, Fishery management, Marine fisheries, Thailand,

Voluntary Approaches to Transitioning from Competitive Fisheries to Rights-Based Management: Bringing the Field into the Lab

This paper describes a novel experiment designed to examine how rent dissipation may occur in fisheries in which the right to participate is limited and fishermen compete amongst themselves for shares of an exogenous total allowable catch. We demonstrate that rent dissipation may occur through multiple mechanisms, and that the heterogeneity of fishermen has important implications for how rent dissipation occurs and the extent to which different individuals may benefit from the implementation of rights-based management. We apply this approach to investigate the concept of voluntary rights-based management under which managers divide the total allowable catch between two separate fisheries, and fishermen may choose between fishing for a guaranteed individual harvest quota and competing for a share of the total catch in a competitive fishery.experimental economics, fisheries, rights-based management, IHQ, Institutional and Behavioral Economics, Resource /Energy Economics and Policy,