Commercial Fishing: Economic Aid and Capacity Reduction
Description:
Both experience and economic models show that, in the absence of enforceable access or catch restrictions, competition among commercial fishermen results in an expansion of fishing capacity, and resultant fishing effort, beyond the sustainable limits of the fish population being pursued. The spiral of increasing effort and diminishing returns (i.e., rent dissipation) has helped to fuel increases in fish prices that reduce benefits to consumers and processors; has shifted many fish populations t…
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Date:
April 14, 1997
Creator:
Read, Andrew G. & Buck, Eugene H.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department