Fish, Markets, and Fishermen: The Economics Of Overfishing

A significant number of the world's ocean fisheries are depleted, and some have collapsed, from overfishing. Although many of the same fishermen who are causing these declines stand to suffer the most from them, they continue to overfish. Why is this happening? What can be done to solve the problem.

The authors of Fish, Markets, and Fishermen argue that the reasons are primarily economic, and that overfishing is an inevitable consequence of the current sets of incentives facing ocean fishe...