Abstract
The continuing exploitation of the world’s marine fishery resources has led to many attempts to control the “race for fish” without, however, any groundbreaking success. In order to understand the “economics of fisheries”, this chapter presents, after some introductory remarks, a formal model, which integrates economy and biology, and reveals the various externalities affecting fishing activities. The equilibrium model allows insight into the economical and biological mechanisms leading to overcapacity and overfishing, and the role of globalization and international trade in this context. The conclusions from the formal analysis include aspects of quota management systems and an investigation and evaluation of current fisheries policies of the EU and the US.
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Wiesmeth, H. (2012). Overfishing. In: Environmental Economics. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-24514-5_14
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DOI: https://doi.org/10.1007/978-3-642-24514-5_14
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