While the science supporting fisheries management has generally been dominated by the
natural sciences, there has been a growing recognition that managing fisheries essentially …

This article provides a survey of the economic literature on investment behaviour and
capacity adjustment in fisheries. An overview of the existing theoretical and the empirical …

Regulations in the Texas shrimp and other fisheries are incomplete, leaving many options
for rent dissipation uncontrolled, because of high contracting costs among fishermen and …

Using a model of regulated open access resource use with markets, we illustrate the
potential complexity of interactions between markets, product quality, excess effort, and …

Natural resources, by their nature, are not readily bent to the status of private property.
Efficient resource use is complicated by jurisdictional externalities, public goods, non-use …

Publisher Summary Fishery resources, unlike minerals and fossil fuels, are renewable in the
sense that they are capable of growth. Unlike forests and most other renewable resources …

This article considers the problem of managing multispecies fishing industries as one of
regulating the production of individual multiproduct firms. The multispecies New England …

Over the past several decades there has been increasing interest in, and concern about, the
economics of the world's capture fishery resources. Massive amounts of resource rent are …

This paper contains an analysis of a fishery production function and an empirical analysis of
the North Sea herring fishery. An intertemporal profit function is defined by introducing stock …

Resource‐based theory implicitly assumes that property rights to resources are secure.
Extant property rights theory enables us to relax this assumption to take into account …