Valuing Fisheries: An Economic Framework
Humans have been fishing for food and pleasure since time immemorial. Long before the development of powerful commercial fishing vessels, tribal communities sought fish and other marine life for food and ceremonial purposes. Today, there is a significant tourism sector around diving and snorkelling.Commercial and recreational fisheries often compete for the same fish stock. Together these two groups compete with those who wish to promote a 'look but don't take' attitude to fish. And in some cases, traditional indigenous fishers have special demands that can be inconsistent with the needs of other groups.The limited nature of fish stocks can lead to arguments between these different groups. Too often the arguments are based on a wrong use of economic data. Access to and sharing of fisheries resources need not necessarily be based on economic data and principles, but if they are, the proper approach must be used.This book sets out in clear language, with simple examples, the correct economic method to be used. The aim is to improve decision-making so that everyone can enjoy a seafood meal, drop a line in the water or observe fish in a natural environment without unnecessary conflict.
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Value in a Broader Context
A Theoretical Framework for Resource Sharing
Fisheries BioEconomics and the Optimal Allocation
Sectorspecific Valuation Methods
The Recreational Sector
ABARE Aboriginal Aboriginal and Torres allocation alternative analysis angler approach areas Australia Barrier Reef Blamey boat Canberra capital catch rate caught chapter choice experiments coastal commercial and recreational commercial fishing commercial sector compensation consumer surplus contingent valuation contingent valuation method Croker Island cultural decision economic value economist environmental estimate example existing extra fish Fisheries Management fisheries resources fishing trip framework groups impact increase Indigenous rights individual interviews involved land licence measure Native Title Act native title rights negotiated Northern Territory number of fish obtained opportunity cost options population prawns preference principle production question questionnaire random utility method reallocation recognition recreational fishing recreational sector regional Research Resource Economics respondents result revealed preference revenues sample satisfaction seafood species survey sustainable development techniques Torres Strait Islanders travel cost method willingness to pay zone