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Essays on the Economics of Migratory Fish Stocks (Paperback)
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Essays on the Economics of Migratory Fish Stocks (Paperback)
Series: Studies in Contemporary Economics
Expected to ship within 10 - 15 working days
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Following the publication of seminal papers by professors H. S.
Gordon in 1954 and A. D. Scott in 1955, active research has led to
rapid progress in our understanding of the economics of fisheries.
Fishing, however, is a complicated activity involving intricate
interactions between man-made fishing capital and naturally
produced fish stocks in an inherently dynamic and stochastic
setting. Consequently, in spite of significant advances, important
sections of fisheries economics remain largely unexplored. One such
area is the economics of migratory fish stocks. In 1985, the
editors of this volume embarked on a research project concerned
with the optimal utilization of common Nordic fish stocks. A
fundamental feature of some of the most important of these fish
stocks, such as the Atlanto-Scandian herring and the Icelandic
capelin, is their migratory behaviour. Not only do the migrations
continuously alter the economic conditions for harvesting these
species. They also result in the periodical transfer of stock
concentrations from one exclusive fisheries jurisdictions to
another. It was readily apparent that this behaviour constituted a
crucial determinant of the appropriate harvesting pattern of these
stocks. More importantly, however, migrations are by no means a
unique feature of Nordic fish stocks. In fact, it appears that
migratory behaviour is exhibited, albeit in varying degrees, by all
species of fish. It therefore stands to reason that migrations
constitute an important aspect of the economics of fisheries in
general.
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