Valuing Fisheries: an Economic Framework

Humans have been fishing for food and pleasure since time immemorial. Long before the development of powerful commercial fishing vessels, tribal communities sought fish and other marine life for food and ceremonial purposes. Today, there is a significant tourism sector around diving and snorkelling.Commercial and recreational fisheries often compete for the same fish stock. Together these two groups compete with those who wish to promote a 'look but don't take' attitude to fish. And in some cases, traditional indigenous fishers have special demands that can be inconsistent with the needs of other groups.The limited nature of fish stocks can lead to arguments between these different groups. Too often the arguments are based on a wrong use of economic data. Access to and sharing of fisheries resources need not necessarily be based on economic data and principles, but if they are, the proper approach must be used.This book sets out in clear language, with simple examples, the correct economic method to be used. The aim is to improve decision-making so that everyone can enjoy a seafood meal, drop a line in the water or observe fish in a natural environment without unnecessary conflict.