Institutional Economics and Fisheries Management: The Case of Pacific Tuna'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 | |
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 |
Other editions - View all
Institutional Economics and Fisheries Management: The Case of Pacific Tuna Elizabeth H. Petersen No preview available - 2006 |
Common terms and phrases
access fees paid Aid donated allocating and adjusting argued Australia benefits bigeye capital catch rates cent of gross Central Pacific tuna Chapter common-property comparative advantage Cook Islands cooperation countries and distant distant water fishing dividends domestic economic growth economic rent entitlement systems exclusive economic zones Fiji fish stocks fisheries development fisheries management fisheries revenue fishing effort fishing revenue foreign aid Forum Fisheries Agency fund earnings Gillett gross revenue increase institutional economics institutional structures investment Japan Kiribati levels longline Marine Resource Economics Marshall Islands maximize Micronesia million monitoring Nauru Pacific island countries Pacific tuna fishery Palau Papua New Guinea Petersen policy objectives potential property right purse-seine region RERF resource curse resource rents resource revenues Schurman sector skipjack Solomon Islands sustainability Tokelau total allowable catch transaction costs trust fund tuna catch Tuna Commission tuna harvesting rights tuna industry tuna species Tuvalu Vanuatu vessels water fishing nations Western and Central
Popular passages
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.