Today, there is a growing sense of urgency among fisheries scientists regarding the management of fish stocks, particularly among those who predict the imminent collapse of the fishing industry due to stock depletion. This book takes a game theoretic approach to discussing potential solutions to the problem of fish stock depletion. Acknowledging the classification of fish stocks as destructible renewable resources, these essays are concerned with the question of how much of the stock should be consumed today and how much should be left in place for the future. The book targets both economists and students of economics who are familiar with the tools of their trade but not necessarily familiar with game theory in the context of fisheries management. Importantly, the goal is not to give a summary evaluation of the current views of the ‘appropriate’ response to immediate policy questions, but rather to describe the ways in which the problems at hand can be productively formulated and approached using game theory and couched on real world fisheries. Game Theory and Fisheries consists of twelve previously published but updated articles in fisheries management, a number of which address a gap in the fisheries literature by modelling and analysing the exploitation of fishery resources in a two-agent fishery, in both cooperative and non-cooperative environments. The author’s work ultimately illustrates that the analysis of strategic interaction between those with access to shared fishery resources will be incomplete without the use of game theory.
Infinity Fish: Economics and the Future of Fish and Fisheries is a practical and science-based reference that demonstrates how to value the benefits from restored marine ecosystems to sustain ocean and fishery resources for years to come. It discusses ecological and economical aspects to support the preservation of marine resources by understanding cost-benefits of fishery management systems. The book explains the economic benefits of restoring ecosystems that have been overexploited and how to maintain fisheries in a sustainable level. Infinity Fish: Economics and the Future of Fish and Fisheries is a useful reference to a wide range of audiences. It is for those who wish to make systematic efforts to develop their fisheries sector, scientists and researchers, anyone in fisheries management, marine resource management, economists, fish farmers, policy makers, leaders and regulators, operations researchers, as well as faculty and students. - Includes case studies for each topic and provides detailed summaries to further understand them - Presents examples and practical applications of cost-benefit concepts - Provides models of statistical analysis to optimize decision making
Infinity Fish: Economics and the Future of Fish and Fisheries is a practical and science-based reference that demonstrates how to value the benefits from restored marine ecosystems to sustain ocean and fishery resources for years to come. It discusses ecological and economical aspects to support the preservation of marine resources by understanding cost-benefits of fishery management systems. The book explains the economic benefits of restoring ecosystems that have been overexploited and how to maintain fisheries in a sustainable level. Infinity Fish: Economics and the Future of Fish and Fisheries is a useful reference to a wide range of audiences. It is for those who wish to make systematic efforts to develop their fisheries sector, scientists and researchers, anyone in fisheries management, marine resource management, economists, fish farmers, policy makers, leaders and regulators, operations researchers, as well as faculty and students. - Includes case studies for each topic and provides detailed summaries to further understand them - Presents examples and practical applications of cost-benefit concepts - Provides models of statistical analysis to optimize decision making
Managing Ocean Environments in a Changing Climate summarizes the current state of several threats to the global oceans. What distinguishes this book most from previous works is that this book begins with a holistic, global-scale focus for the first several chapters and then provides an example of how this approach can be applied on a regional scale, for the Pacific region. Previous works usually have compiled local studies, which are essentially impossible to properly integrate to the global scale. The editors have engaged leading scientists in a number of areas, such as fisheries and marine ecosystems, ocean chemistry, marine biogeochemical cycling, oceans and climate change, and economics, to examine the threats to the oceans both individually and collectively, provide gross estimates of the economic and societal impacts of these threats, and deliver high-level recommendations. - Nominated for a Katerva Award in 2012 in the Economy category - State of the science reviews by known marine experts provide a concise, readable presentation written at a level for managers and students - Links environmental and economic aspects of ocean threats and provides an economic analysis of action versus inaction - Provides recommendations for stakeholders to help stimulate the development of policies that would help move toward sustainable use of marine resources and services
Today, there is a growing sense of urgency among fisheries scientists regarding the management of fish stocks, particularly among those who predict the imminent collapse of the fishing industry due to stock depletion. This book takes a game theoretic approach to discussing potential solutions to the problem of fish stock depletion. Acknowledging the classification of fish stocks as destructible renewable resources, these essays are concerned with the question of how much of the stock should be consumed today and how much should be left in place for the future. The book targets both economists and students of economics who are familiar with the tools of their trade but not necessarily familiar with game theory in the context of fisheries management. Importantly, the goal is not to give a summary evaluation of the current views of the ‘appropriate’ response to immediate policy questions, but rather to describe the ways in which the problems at hand can be productively formulated and approached using game theory and couched on real world fisheries. Game Theory and Fisheries consists of twelve previously published but updated articles in fisheries management, a number of which address a gap in the fisheries literature by modelling and analysing the exploitation of fishery resources in a two-agent fishery, in both cooperative and non-cooperative environments. The author’s work ultimately illustrates that the analysis of strategic interaction between those with access to shared fishery resources will be incomplete without the use of game theory.
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