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The Application of Basic Economic Principles to Real-World Fisheries Management and Regulation
Lee G. Anderson
Marine Resource Economics
Vol. 30, No. 3 (July 2015), pp. 235-249
Published by: The University of Chicago Press
Stable URL: http://www.jstor.org/stable/10.1086/681279
Page Count: 15
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AbstractThe article provides a brief history of fisheries management and the development of the fisheries economics paradigm taking into account the distinction between fisheries management (the decision to control the amount and timing of fisheries exploitation) and fisheries regulation (the specification of the rules and procedures to control the actual taking of fish such that actual mortality is equal to the desired mortality). It is noted that the concepts from regulation analysis have been commonly adopted in real-world management practices, but this has not been the case for the concepts from fisheries management analysis. Preliminary analysis of why this is so and suggestions for how to correct it are suggested.
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