Economic Management of Marine Living Resources A Practical Introduction

About this book

'I am confident that this work will help many gain a clearer understanding of the economic concepts that are central and essential to the management of marine living resources. The text is extremely clear in its discussion of material and manages to achieve a rich mixture of theory and contemporary practice' - James A. Young, Professor of Applied Marketing, University of Stirling, UK. 'This book gives a practical overview of marine resources and their management including the financial and economic appraisal of fisheries projects. It will be very useful for students of fisheries and natural resource economics' - Colin Barnes, Cambridge Resource Economics and Cranfield University, UK.

This textbook has two main objectives. Firstly, it outlines the problems associated with the management and conservation of marine living resources, with particular attention given to the twin concepts of economic value and sustainability. It demonstrates the contribution that economics can make to understanding these problems as well as helping to frame policies to mitigate them. Secondly, it looks in detail at the key methods that may be used to collect and analyse socio-economic data, oriented towards the information needs of decision makers and stakeholders involved in fisheries management. Together, these two objectives address the question: how does society make the best use of its marine living resources?

Contents

1. Marine Living Resources and their Economic Significance; 2. Overfishing and the Need for Management; 3. Collecting and Using Socio-economic Data on Fisheries; 4. Project Appraisal in Fisheries and Aquaculture; 5. Markets and Prices for Seafood Products; 6. Assessing Pollution Damages to Commercial Fisheries; 7. Marine Resource Management and the Problem of Non-market Values; Appendices; A: Estimating maximum fisheries production using time series data; B: Bioeconomic analysis and fisheries management; C: Estimating resource rent based on surplus production models

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Biography

David Whitmarsh is Professor of Marine Resource Management at the University of Portsmouth, UK, where he is part of the CEMARE research group within the Department of Economics.