The revision of the Common Fisheries Policy of the European Union in 2003 was communicated in a 'Roadmap', including the opinion of the EU Commission on how to reform the fisheries policy. This paper reviews the Roadmap and confronts the opinion and initiatives proposed by the Commission with...

In connection with assessing how an ongoing development in fisheries management may change fishing activity, evaluation of Total Factor Productivity (TFP) change over a period, including efficiency, scale and technology changes, is an important tool. The Malmquist index, based on distance...

The fishing fleet and the component parts of effort and production can be de-scribed and analysed in different ways. As an example, the fishing fleet can be described using a list of different production function specifications. These pro-duction functions will in this paper be estimated using...

Internationally, individual vessel quotas (IVQ) have become an increasingly popular management tool. The main attraction of IVQs is the incentives they create for cost savings, autonomous capacity adjustment and, subsequently, rent generation. In this paper, the extent to which different IVQ...

This paper reviews the concepts of marine ecosystem services and their economic valuation in a European fisheries management perspective. We find that the concept is at best cumbersome for advising on how best to regulate fisheries even in an ecosystem context. We propose that operational...