Economic Models of Fishery Management

Author(s):  
Colin W. Clark
Author(s):  
Ingólfur Arnarson ◽  
Pall Jensson

In a dynamic, environment, the decision makers make use of many different resources where two or more can act as substitutes.  At each decision moment in time, the market prices will be constant, and the relative prices of accessible resources will determine the economic rationale of the process.  Ignoring or downplaying the effects of substitutability of resources in dynamic economic processes may lead to mismanagement of the fish stocks and result in serious economic consequences for the respective fishing industries. For nearly five decades’ fishery managers and policy makers have used bio-economic models and methods as foundation for their management schemes.  These models and methods are for the most based on the deductive methodology of economics where central assumptions are the metaphors of “equilibrium“ and “bio-economic equilibrium“.  Models based on equilibrium theories are usually deterministic where dynamics of the markets are a meager part of the problem.Less attention has been offered to inductive reasoning and modeling within the field of fishery management.  The inductive method of reasoning is often based on facts and actual observations within the industries, a methodology widely used by engineers and the field of business administration.In this paper, we introduce and integrate the concept of substitutability of economic resources into a traditional bio-economic model.    The results show that fishery management, which bases decisions solely on traditional bio-economic models where the dynamics and consequences of the operational decision processes of the industry are ignored, may reach decisions that work opposite of their intention. 


PsycCRITIQUES ◽  
2005 ◽  
Vol 50 (4) ◽  
Author(s):  
Richard Niolon
Keyword(s):  

Author(s):  
Stephen J. DeCanio

2014 ◽  
pp. 53-64 ◽  
Author(s):  
E. Andreyashchenko ◽  
A. Zazdravnykh

This article is an attempt of summarizing key economic approaches to cartel agreements analysis, its stability, ways of estimating social consequences of cartel agreements. It is alleged that the traditional way of understanding the cartels’ role as completely negative is not accurate; this type of inter-corporate agreements may also bring positive effects on industrial markets. Typical limits of analytical apparatus, contradictions that appear while interpreting results of specific economic models are also represented in the article, as well as substantiation of a discrete role of pricing factor within the analysis of anti-competitive agreements.


2014 ◽  
pp. 99-122
Author(s):  
M. Levin ◽  
K. Matrosova

The paper considers monitoring of environmental change as the central element of environmental regulation. Monitoring, as each kind of principalagent relations, easily gives rise to corruptive behavior. In the paper we analyze economic models of environmental monitoring with high costs, incomplete information and corruption. These models should be the elements of environmental economics and are needed to create an effective system of nature protection measures.


2012 ◽  
pp. 145-152 ◽  
Author(s):  
V. Maevsky

The author claims that J. Kornai in his paper Innovation and Dynamism (Voprosy Ekonomiki. 2012. No 4) ignored the understanding of socialism as a specific type of culture and not just as an economic system. He also shows profound differences between Schumpeters theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if Schumpeters legacy is not interpreted straightforwardly and if evolutionary economists consider not only micro-, but also macro-level of analysis in studying macrogenerations of capital of a different age.


1997 ◽  
Vol 1997 (2) ◽  
pp. 10-16
Author(s):  
Avery B. Shenfeld
Keyword(s):  

Author(s):  
Dariya Logvinova

At the beginning of the XXI century a noticeable transformation of migration processes is observed under the influence of globalization, which effect the change of social, cultural, spiritual and economic models of different countries and world regions more and more actively. This stipulates the necessity for host countries to improve migration policies for more effective control over economic, social and cultural advantages or, vice versa, disadvantages, which international migration brings with it. Consequently, the necessity of constant examination of this problem seems logical, including the level of cross-national comparative researches, during which the study of the same phenomenon in two or more countries in various socio-cultural conditions with the usage of the same tools takes place. Taking into consideration the variable and unpredictable nature of the problem, the necessity of the stable basis for such researches is transparent, first of all, the need of permanent generally accepted and used conceptual and categorical apparatus, which predetermines primary importance of the research of this apparatus in the field of migration; in this context, the analysis of using of the terms “migrant” and “ethnic minority” in the scientific political and social discourses of such countries, as Canada, Great Britain and Germany is given in the case of this article. Keywords: Migration, migrant, ethnic minority, cross-national comparative researches, conceptual and categorical apparatus


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