Advances in Fisheries Economics

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. About the Editors Dr. Trond Bj rndal 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.

A true landmark publication, Advances in Fisheries Economics bringstogether many of the world's leading fisheries economists toauthoritatively cover the many issues facing the field of fisherieseconomics and management today.Compiled in honour of the work and achievements of ProfessorGordon Munro of the University of British Columbia, Canada, thisexceptional volume of research serves as both a valuable referencetool and fitting tribute to a man whose work has shaped thediscipline.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 ManagementThe book is an important addition to the resources of allfisheries economists, managers, scientists and fish biologists.Libraries in universities and research establishments where thesesubjects are studied and taught should have copies on theirshelves.About the EditorsDr. Trond Bjørndal is Professor of Economics, Centre forFisheries Economics, Institute for Research in Economics andBusiness Administration, Bergen, Norway and Director, CEMAREUniversity of Portsmouth, England.Dr. Daniel V. Gordon is Professor of Economics, University ofCalgary, Canada and Distinguished Research Fellow, Centre forFisheries Economics, Institute for Research in Economics andBusiness Administration, Bergen, NorwayDr. Ragnar Arnason is Professor of Economics and the Chairman ofthe Institute of Economic Studies, University of Iceland.Dr. U. Rashid Sumaila is Director of the Fisheries EconomicsResearch Unit, Fisheries Centre, University of BritishColumbia.

Chapter 1: On the Contributions of Professor G.R. Munro toEconomics.T. Bjørndal and D.V. Gordon.Section 1. Property rights and fisheries management.Chapter 2: Phases in the Evolution of Property in SeaFisheries.A. Scott.Chapter 3: Property Rights Quality and Economic Efficiency ofFisheries Management Regimes: Some Basic Results.R. Arnason.Chapter 4: How to Resolve the Class II Common Property Problem?The Case of the British Columbia's Multi-Species GroundfishTrawl Fishery.R.Q. Grafton, H.W. Nelson and B. Turris.Chapter 5: Auctions of IFQs as a Means to Share the Rent.D.D. Huppert.Chapter 6: Shadow Prices for Fishing Quota: Fishing withEconometrics.D. Dupont and D.V. Gordon.Section 2. Capital theory and natural resources.Chapter 7: Rational Expectations and Fisheries Management.C.W. Clark.Chapter 8: Linking Natural Capital and Physical Capital: AReview of Renewable Resource Investment Models.A. Charles.Chapter 9: Fisheries Management with Stock Uncertainty andCostly Capital Adjustment.M. Doyle, R. Singh and Q. Weninger.Section 3. Game theory and international fisheries.Chapter 10: The Incomplete Information Stochastic Split-StreamModel: An Overview.R. McKelvey, P.V. Golubtsov, G. Cripe and K.A. Miller.Chapter 11: Coalition Games in Fisheries Economics.M. Lindroos, L.G. Kronbak and V. Kaitala.Chapter 12: Incentive Compatibility of Fish-SharingAgreements.R. Hannesson.Chapter 13: Fish Stew: Uncertainty, Conflicting Interests andClimate Regime Shifts.K.A. Miller.Chapter 14: A Dynamic Game on Renewable Natural ResourceExploitation and Markov Perfect Equilibrium.S. Kobayashi.Section 4. Applied fisheries economics and management.Chapter 15: The Role of the Fishing Industry in the IcelandicEconomy.S. Agnarson and R. Arnason.Chapter 16: Factor Use and Productivity Change in a Rights-BasedFishery.B.M.H. Sharp and C. Batstone.Chapter 17: Scientific Uncertainty and Fisheries Management.W.E. Schrank and G. Pontecorvo.Chapter 18: Spatial-Temporal Stock Assessment Analysis withApplication to the Scotia-Fundy Herring Fishery.D.E. Lane