Advances in Fisheries Economics: Festschrift in Honour of Professor Gordon R. Munro

by Trond Bjorndal (Editor), Daniel Gordon (Editor), Ragnar Arnason (Editor), Ussif Rashid Sumaila (Editor)

Overview

A true landmark publication, Advances in Fisheries Economics brings together many of the world's leading fisheries economists to authoritatively cover the many issues facing the field of fisheries economics and management today.

Compiled in honour of the work and achievements of Professor Gordon Munro of the University of British Columbia, Canada, this exceptional volume of research serves as both a valuable reference tool and fitting tribute to a man whose work has shaped the discipline.

Divided into four sections, the text includes coverage of:

• Property Rights and Fisheries Management
• Capital Theory and Natural Resources
• Game Theory and International Fisheries
• Applied Fisheries Economics and Management

The book is an important addition to the resources of all fisheries economists, managers, scientists and fish biologists. Libraries in universities and research establishments where these subjects are studied and taught should have copies on their shelves.

Product Details

ISBN-13:	9781405141611
Publisher:	Wiley
Publication date:	04/23/2007
Pages:	320
Product dimensions:	7.00(w) x 10.00(h) x 0.90(d)

About the Author

Dr. Trond Bjørndal is Professor of Economics, Centre for Fisheries Economics, Institute for Research in Economics and Business Administration, Bergen, Norway and Director, CEMARE, University of Portsmouth, England.

Dr. Daniel V. Gordon is Professor of Economics, University of Calgary, Canada and Distinguished Research Fellow, Centre for Fisheries Economics, Institute for Research in Economics and Business Administration, Bergen, Norway

Dr. Ragnar Arnason is Professor of Economics and the Chairman of the Institute of Economic Studies, University of Iceland.

Dr. U. Rashid Sumaila is Director of the Fisheries Economics Research Unit, Fisheries Centre, University of British Columbia.

Table of Contents

Preface vii

Acknowledgements viii

Tabula Gratulatoria x

Chapter 1 On the Contributions of Professor G.R. Munro to Economics 1
T. Bjørndal and D.V. Gordon

Section 1 Property Rights and Fisheries Management

Chapter 2 Phases in the Evolution of Property in Sea Fisheries 17
A. Scott

Chapter 3 Property Rights Quality and the Economic Efficiency of Fisheries Management Regimes: Some Basic Results 32
R. Arnason

Chapter 4 Resolving the Class II Common Property Problem: The Case of the BC Groundfish Trawl Fishery 59
R.Q. Grafton, H.W. Nelson and B. Turris

Chapter 5 Auctions of IFQs as a Means to Share the Rent 74
D.D. Huppert

Chapter 6 Shadow Prices for Fishing Quotas: Fishing with Econometrics 87
D. Dupont and D.V. Gordon

Section 2 Capital Theory and Natural Resources

Chapter 7 Rational Expectations and Fisheries Management 109
C.W. Clark

Chapter 8 Linking Natural Capital and Physical Capital: A Review of Natural Resource Investment Models 119
A. Charles

Chapter 9 Fisheries Management with Stock Uncertainty and Costly Capital Adjustment 137
M. Doyle, R. Singh and Q. Weninger

Section 3 Game Theory and International Fisheries

Chapter 10 The Incomplete Information Stochastic Split-Stream Model: An Overview 159
R. McKelvey, P.V. Golubtsov, G. Cripe and K.A. Miller

Chapter 11 Coalition Games in Fisheries Economics 184
M. Lindroos, V. Kaitala and L.G. Kronbak

Chapter 12 Incentive Compatibility of Fish-Sharing Agreements 196
R. Hannesson

Chapter 13 Fish Stew: Uncertainty, Conflicting Interests and Climate Regime Shifts 207
K.A. Miller

Chapter 14 A Dynamic Gameon Renewable Natural Resource Exploitation and Markov Perfect Equilibrium 222
S. Kobayashi

Section 4 Applied Fisheries Economics and Management

Chapter 15 The Roleof the Fishing Industry in the Icelandic Economy 239
S. Agnarsson and R. Arnason

Chapter 16 Factor Use and Productivity Change in a Rights-Based Fishery 257
B.M.H. Sharp and C. Batstone

Chapter 17 Scientific Uncertainty and Fisheries Management 270
W.E. Schrank and G. Pontecorvo

Chapter 18 Spatial-Temporal Assessment Analysis with Application to the Scotia-Fundy Herring Fishery 283
D.E. Lane

Authors 304

Index 305

What People are Saying About This

From the Publisher

Another truly global cooperation, this is an up to the minute review of the latest developments in fisheries economics by thirty of the world's most prominent academic economists whose work focuses on fisheries.

Work Boat World, December 2007

Editorial Reviews

Another truly global cooperation, this is an up to the minute review of the latest developments in fisheries economics by thirty of the world's most prominent academic economists whose work focuses on fisheries.

Work Boat World, December 2007

From the Publisher