The Life Cycle of Fisheries

Proceedings of the National Academy of Sciences, 2010

Economists have long argued that a fishery that maximizes its economic potential usually will also satisfy its conservation objectives. Recently, maximum economic yield (MEY) has been identified as a primary management objective for Australian fisheries and is under consideration elsewhere. However, first attempts at estimating MEY as an actual management target for a real fishery (rather than a conceptual or theoretical exercise) have highlighted some substantial complexities generally unconsidered by fisheries economists. Here, we highlight some of the main issues encountered in our experience and their implications for estimating and transitioning to MEY. Using a bioeconomic model of an Australian fishery for which MEY is the management target, we note that unconstrained optimization may result in effort trajectories that would not be acceptable to industry or managers. Different assumptions regarding appropriate constraints result in different outcomes, each of which may be considered a valid MEY. Similarly, alternative treatments of prices and costs may result in differing estimates of MEY and their associated effort trajectories. To develop an implementable management strategy in an adaptive management framework, a set of assumptions must be agreed among scientists, economists, and industry and managers, indicating that operationalizing MEY is not simply a matter of estimating the numbers but requires strong industry commitment and involvement.

Science, 1997

The global marine fish catch is approaching its upper limit. The number of overfished populations, as well as the indirect effects of fisheries on marine ecosystems, indicate that management has failed to achieve a principal goal, sustainability. This failure is primarily due to continually increasing harvest rates in response to incessant sociopolitical pressure for greater harvests and the intrinsic uncertainty in predicting the harvest that will cause population collapse. A more holistic approach incorporating interspecific interactions and physical environmental influences would contribute to greater sustainability by reducing the uncertainty in predictions. However, transforming the management process to reduce the influence of pressure for greater harvest holds more immediate promise.

Frontiers in Marine Science, 2023

Science, 2007

The public perception of fisheries is that they are in crisis and have been for some time. Numerous scientific and popular articles have pointed to the failures of fisheries management that have caused this crisis. These are widely accepted to be overcapacity in fishing fleets, a failure to take the ecosystem effects of fishing into account, and a failure to enforce unpalatable but necessary reductions in fishing effort on fishing fleets and communities. However, the claims of some analysts that there is an inevitable decline in the status of fisheries is, we believe, incorrect. There have been successes in fisheries management, and we argue that the tools for appropriate management exist. Unfortunately, they have not been implemented widely. Our analysis suggests that management authorities need to develop legally enforceable and tested harvest strategies, coupled with appropriate rights-based incentives to the fishing community, for the future of fisheries to be better than their past.

Fish and Fisheries, 2005

Current fishing practices show a global trend of stock depletions. Overfishing was recognized as an international problem in the early 1900s and since then has drawn attention of a number of international programmes, especially directed at environmental managers and the governments of many nations. However, the common pool nature of fish resources poses constraints for management. In particular, multispecies fisheries, as found in South Asian waters, have complex dynamics and pose additional constraints for management. The use of closed season/areas to control fishing efforts is a basic management tool in fisheries. The breeding season varies for different species and, hence, the closed season (and/or area) must be targeted at certain critical time periods (and/or habitats) of importance to key species. Such regulations made by the legislature, executive, or, at times, by the judiciary give rise to conflicts between industrial and traditional fishers and between the different instit...

2005