An Introduction To The Economics Of Fisheries Management

Download or read book An Introduction to the Economics of Fisheries Management written by W. C. MacKenzie and published by Bernan Press(PA). This book was released on 1983 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fishery management relates to a total system made up of resources, industry and trade. There are important linkages between these components. In contrast with other resource industries, common property in fishery resources implies that there is no market mechanism through which access to these resources could be allocated among users. In many cases, governments have been forced to intervene, rightly or wrongly, to fill this vacuum. Economically, rational fishery management necessitates the transformation of common property through some kind of limited entry system designed to optimize net benefits from the fishery. Management planning involves the definition of goals and policy objectives and the development of strategies to assure attainment of policy objectives.