The implications of individual transferable quotas (ITQs) for reducing harbor porpoise bycatch in a multi-species fishery are investigated. Our intra-year bioeconomic model incorporates spatial and temporal patterns of abundance and harvest rates of commercial fish species and porpoise. Results...

In his seminal work on common property resources, H. Scott Gordon proposed that in a fishery with multiple grounds, effort would be distributed such that profit rates would be equal among them. Gordon's model relies on implicit assumptions that are inaccurate and lead to false conclusions in...

An Introduction to the special issue on Recent Developments in Fisheries Economics

This paper addresses uncertain biomass shifts in renewable resources. A biomass shift occurs when a dominant renewable resource stock collapses and its ecosystem niche is filled by a replacement species which increases in abundance after the initial collapse. This paper develops a bioeconomic...

This article addresses the interface between law and the morality of civil society. It starts with a review of the discourse between the utilitarian approach to rationality and perspectives which include normative action. It subsequently explores the ...