Journal article
An Evaluation of Fisheries Policies Available to Australia for the Management of Southern Blue Fin Tuna Fishery
Applied Economics and Policy Analysis, Vol.1(1), pp.89-98
2007
Abstract
In the absence of proper management, fishery resource tends to be exploited as a common property resource with a tendency towards over-exploitation. In the absence of appropriate property rights, the exploitation of a common property such as the fisheries may lead to over exploitation (and possible extinction of a species but not with migratory species such as the southern blue fin tuna) and externalities both contemporaneous and inter-generational. The paper aims to identify the various economic policy instruments that may be available and then uses a ‘cubic’ model to select the best model suitable for the blue fin tuna fishery. Price control is selected as the appropriate policy instrument, even though individual transferable catch quota is also a possibility. Price control is based on levying a tax on catches and is oriented towards economic efficiency.
Details
- Title
- An Evaluation of Fisheries Policies Available to Australia for the Management of Southern Blue Fin Tuna Fishery
- Authors/Creators
- R. Sathiendrakumar (Author/Creator)
- Publication Details
- Applied Economics and Policy Analysis, Vol.1(1), pp.89-98
- Publisher
- Serials Publications
- Identifiers
- 991005542723107891
- Copyright
- Serials Publications
- Murdoch Affiliation
- Do not use- Former Murdoch Business School
- Language
- English
- Resource Type
- Journal article
- Note
- Journal later known as International Journal of Business Policy and Economics
- Publisher URL
- http://www.serialspublications.com/journals.asp
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