Many of the world's fisheries face major challenges including overfishing, overcapacity and low returns. Using recent developments in microeconomic theory and with numerous case studies and examples, this book shows how to measure efficiency, productivity, profitability, capacity of fishing fleets and how to improve fisheries management. The book will prove invaluable to researchers, students and professionals interested in understanding the problems in fisheries and how they may be overcome.
’Consideration of the complex interactions between biology, ecology, economics and sociology is a daily occurrence for most fishery managers. Despite the obvious need to do so, there are few readily absorbed texts available for practising fishery managers to incorporate formal economic concepts into what they do. This timely, well written and very useful book should become essential reading for all fishery managers.’ Richard McLoughlin, Managing Director, Australian Fisheries Management Authority 'Grafton, Kirkley, Kompas and Squires have produced an excellent book that concentrates on the key issue in solving fisheries problems, setting the incentives right for the fishing fleets of the world. Their conclusion is that top down management of fisheries has failed, and we need to look in detail at how fishing fleets operate, and institute management structures that encourage sustainable management rather than competition for fish.' Ray Hilborn, University of Washington, USA 'Economics for Fisheries Management by Quentin Grafton et al is an eminently readable volume that provides an easily understandable step-by-step guide to fisheries economics for the fisheries professional. It clearly achieves its stated goal of explaining the methods of economic analysis and policy insights to enable fisheries managers and scientists to both measure and improve the performance of fisheries.' Dr John Annala, Chief Scientific Officer, Gulf of Maine Research Institute, USA 'Provides readers with...the tools to understand, analyze and improve the management of marine fisheries, focusing on methods and policy insights.' Journal of Economic Literature 'The book is most complete with up-to-date references in each chapter and a useful glossary. This publication is at the interface of ecology, economics and fisheries policy. It is most valuable for students, practitioners, professionals and policy makers interested in understanding the problems of fisheries and the economic avenues