Institutional Economics and Fisheries Management: The Case of Pacific Tuna

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Edward Elgar Publishing, Jan 1, 2006 - Electronic books - 208 pages
'The litany of world fishery failures shows that reform of fisheries governance and institutions is essential. The valuable insights and applications in this book will be enormously useful for fishery regulators as they try to sustainably and profitab

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Contents

1 The new institutional economics and natural resource management
1
2 The Western and Central Pacific tuna fishery
23
3 Getting fishery policy objectives right
39
4 Achieving policy objectives through institutional reform
55
5 Managing resource revenues
87
6 The catch in trading fishing access for foreign aid
117
7 The contribution of fishery resources to economic development
143
References
157
Index
175
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Page ix - The author and publishers wish to thank the following who have kindly given permission for the use of copyright material.
Page 38 - Pacific fishery. The Agency member nations include Australia, Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Nauru, New Zealand, Niue, Republic of the Marshall Islands, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.
Page 23 - The former include the Cook Islands, the Federated States of Micronesia, Fiji, Kiribati, the Marshall Islands, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. The territories include three dependencies of France (French Polynesia, New Caledonia and, Wallis and Futuna), three of the United States (American Samoa, Guam and Northern Mariana Islands), and one each of Great Britain (Pitcairn Island) and New Zealand (Tokelau).
Page 13 - Williamson describes it as follows: [t]he overall objective of the exercise essentially comes down to this: for each abstract description of a transaction, identify the most economical governance structure — where by governance structure I refer to the institutional framework within which the integrity of a transaction is decided (1979: 234-5). Coase (1960) generally defines a transaction as a reallocation of resources and describes the wide diversity of economic decisions required as: to discover...
Page x - Every effort has been made to trace all the copyright holders but if any have been inadvertently overlooked the publishers will be pleased to make the necessary arrangements at the first opportunity. Introduction This book is about the changing social, political, economic and cultural context within which social policy will be formed as we enter the new millennium. The welfare 'contract...
Page 57 - Resolution 47/192 referred to above, ie it identified and assessed existing problems related to the conservation and management of straddling and highly migratory fish stocks.
Page 64 - ... entitlements need to be considered. The general lack of institutions and the weakness of the existing institutions lead to two major concerns with current governance of the South Pacific tuna fishery. The Pacific island countries are not deriving as much benefit from its exploitation as they should. Current management strategies will not ensure long-term sustainability of the resource. Four general factors may have contributed to this situation, resulting in high transaction costs of reform....
Page 167 - T. (2000), Papua New Guinea: Employment, Wages and Economic Development, Canberra: Asia Pacific Press.
Page 164 - How to Improve the Management of Renewable Resources: The Case of Canada's Northern Cod Fishery', American Journal of Agricultural Economics, 82, 570-580.
Page 173 - Aid as a booming sector; evidence from a computable general equilibrium model of Papua New Guinea [by] Ethan Weisman.

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