scholarly journals Status-quo management of marine recreational fisheries undermines angler welfare

2018 ◽  
Vol 115 (36) ◽  
pp. 8948-8953 ◽  
Author(s):  
Joshua K. Abbott ◽  
Patrick Lloyd-Smith ◽  
Daniel Willard ◽  
Wiktor Adamowicz
Keyword(s):  
Economic Value ◽  
Status Quo ◽  
Seasonal Distribution ◽  
Red Snapper ◽  
Recreational Fishing ◽  
Commercial Fisheries ◽  
Recreational Fisheries ◽  
Global Context ◽  
The Us ◽  
Management Approaches

Recreational fisheries can have a significant impact on fish populations and can suffer from the same symptoms of open access as commercial fisheries. However, recreational fisheries receive little attention compared with their commercial counterparts. Regulations designed to allocate scarce fish, such as seasonal closures and bag limits, can result in significant losses of value to anglers. We provide an estimate of these foregone benefits by estimating the potential gains to implementing management reforms of the headboat portion of the recreational red snapper fishery in the US Gulf of Mexico. This fishery has suffered from a regulatory spiral of shortened seasons and lowered bag limits in spite of rebuilding stocks. We gather primary survey data of headboat anglers that elicit trip behavior and their planned number and seasonal distribution of trips under status-quo and alternative management approaches. We use these data to estimate a model of anglers’ seasonal trip demand as a function of the ability to retain red snapper, bag limits, and fees. We find that a hypothetical rights-based policy, whereby vessels with secure rights to a portion of annual catch could offer their customers year-round fishing in exchange for lower per-angler retention and increased fees, could raise the average angler’s welfare by $139/y. When placed in the global context of recreational fishing, these estimates suggest that status-quo management may deprive anglers of billions of dollars of lost economic value per year.

Recreational Fishing

2019 ◽  
pp. 83-91
Author(s):  
Ray Hilborn ◽  
Ulrike Hilborn
Keyword(s):  
Economic Value ◽  
Developed Countries ◽  
Fishing Effort ◽  
Recreational Fishing ◽  
Commercial Fisheries ◽  
Recreational Fisheries ◽  
The World ◽  
The Developed Countries ◽  
Do So

Recreational Fishing. Recreational fisheries involve far more people than commercial fisheries do in most of the developed countries, and their economic value is often estimated to be larger than that of commercial fisheries. The main objective of most recreational fisheries is the opportunity to fish rather than the number or value of fish caught, and very different management methods are appropriate. Ideally, the total fishing effort should be maximized rather than reduced, to keep costs down as for commercial fisheries. Access to recreational fishing differs greatly around the world and ranges from effectively privatizing fishing opportunity to allowing anyone wishing to fish to do so.

scholarly journals Economic and social impact of marine sport and recreational fisheries in Croatia

2018 ◽  
Vol 76 (4) ◽  
pp. 154-163
Author(s):  
Alen Soldo ◽  
Maja Fredotović ◽  
Ante Šaran ◽  
Merica Slišković ◽  
Vice Mihanović ◽  
...  
Keyword(s):  
Rural Areas ◽  
Social Impact ◽  
Economic Value ◽  
Economic Effects ◽  
Recreational Fishing ◽  
Recreational Fisheries ◽  
Social Significance ◽  
National Budget ◽  
Marine Fishery ◽  
The Social

Abstract Sport and recreational marine fishery can significantly contribute to the national budget through its economic and social effects. The main aim of this research is to define the economic and social significance of sport and recreational fishing in Croatia through the assessment of the lower limit of its economic value. This is done by analyzing the segments of sport and recreational fishing together with the economic and other activities which are closely related to it. When expressed by the number of stakeholders involved in sport and recreational fisheries and the share in the gross domestic product, it can be concluded that the economic effects of these activities are only slightly lower than in commercial fisheries. This research provides the groundwork for pointing out the basic guidelines of the social significance of sport and recreational marine fishery in Croatia. Hence, it can be noted that sport and recreational fishing in local coastal communities support the overall development of rural areas and the local communities in particular.

Recreational Fisheries

Overfishing ◽  
2012 ◽  
Author(s):  
Ray Hilborn ◽  
Ulrike Hilborn
Keyword(s):  
Recreational Fishing ◽  
Commercial Fisheries ◽  
Recreational Fisheries

Are recreational fisheries fundamentally different from commercial fisheries? The simple answer is yes, recreational fishing is very different from most commercial fisheries. Many more people participate, their catch and effort are harder to measure, and the overall objective of recreational fishing is often very...

Comparing indicators of recreational fishing in Port Phillip Bay, Australia, from 2008 to 2011 with variability from a background period (2003–07)

2019 ◽  
Vol 70 (10) ◽  
pp. 1345 ◽  
Author(s):  
Karina L. Ryan ◽  
Simon C. Conron
Keyword(s):  
Time Series Data ◽  
Series Data ◽  
Recreational Fishing ◽  
Commercial Fisheries ◽  
Recreational Fisheries ◽  
Similar Time ◽  
Frequency Distributions ◽  
Background Period ◽  
Catch Rates ◽  
Resource Status

Understanding the effects of anthropogenic disturbances on marine environments that support recreational fisheries requires suitable monitoring data. Although catch rates are frequently considered to inform resource status for commercial fisheries, similar time series data are generally unavailable for recreational fisheries. This study is based on 9 years of data from boat-based recreational fishing surveys in Port Phillip Bay, Australia. Harvest rates and length distributions of the retained catches for three target species were statistically compared over 4 years following commencement of shipping channel dredging (2008–11) with variability from a background period (2003–07). Mean harvest rates were generally within historical ranges, with increases for snapper (Chrysophrys auratus) and King George whiting (Sillaginodes punctatus) and decreases for sand flathead (Platycephalus bassensis). Length–frequency distributions were not significantly different to the background period, except for increased mean length of snapper and King George whiting in 2011. This study demonstrates that data obtained from sampling recreational fishers can provide valuable information to monitor harvested resources and maintain social amenity for recreational fisheries during periods of anthropogenic disturbance. Trends in harvest rates from recreational fishing surveys may also complement catch rates from commercial fisheries for assessments of multisector fisheries or stand-alone assessments for recreational-only fisheries.

scholarly journals First description of a new worm bait fishery in the NW Mediterranean Sea

2019 ◽  
Vol 20 (2) ◽  
pp. 302
Author(s):  
MARC BAETA ◽  
AROA NAVARRETE ◽  
MANUEL BALLESTEROS
Keyword(s):  
Mediterranean Sea ◽  
Economic Value ◽  
Small Scale ◽  
Recreational Fishing ◽  
Recreational Fisheries ◽  
Fishing Activity ◽  
Fishing Sector ◽  
Quality Product ◽  
Nw Mediterranean ◽  
Nw Mediterranean Sea

Most commercial clam stocks in the NW Mediterranean Sea have collapsed over the last few decades and, as a result, most clam dredge fishermen have been forced to leave the fishing sector. Recently, in order to sustain their economic activity, some fishermen have modified dredges to target sea worms to sell as bait for recreational fisheries. This study provides the first information about this new worm bait fishery on the Catalan Maresme coast (NE Spain). The local administration has regulated only a few aspects of the fishery: users (2 boats), geographical limits (40 km; between 0-7 m depth), fishing time (6:00-14:00) and dredge design (the same as those used for smooth clams but with interior structures to retain worms and an open back). Fishing activity takes place throughout the year. Fishermen target three worm bait species: Sigalion squamosus, Ophelia neglecta and Halla parthenopeia. A mean of 233.37 individuals of S. squamosus, 167.93 of O. neglecta and 2.17 of H. parthenopeia are gathered per boat and day. Worm baits are sold directly to local recreational fishing shops as a quality product at the highest prices on the market. This fishery has a high social and economic value for the Maresme coast, helping to maintain small-scale fishermen jobs with an economic benefit similar to clam fishing.

Impact of the Deepwater Horizon well blowout on the economics of US Gulf fisheries

2012 ◽  
Vol 69 (3) ◽  
pp. 499-510 ◽  
Author(s):  
U. Rashid Sumaila ◽  
Andrés M. Cisneros-Montemayor ◽  
Andrew Dyck ◽  
Ling Huang ◽  
William Cheung ◽  
...  
Keyword(s):  
Value Chain ◽  
Oil Spills ◽  
Deepwater Horizon ◽  
Economic Effects ◽  
Economic Losses ◽  
Recreational Fishing ◽  
Recreational Fisheries ◽  
Marine Aquaculture ◽  
The Us ◽  
Total Profit

Marine oil spills usually harm organisms at two interfaces: near the water surface and on shore. However, because of the depth of the April 2010 Deepwater Horizon well blowout, deeper parts of the Gulf of Mexico are likely impacted. We estimate the potential negative economic effects of this blowout and oil spill on commercial and recreational fishing, as well as mariculture (marine aquaculture) in the US Gulf area, by computing potential losses throughout the fish value chain. We find that the spill could, in the next 7 years, result in (midpoint) present value losses of total revenues, total profits, wages, and economic impact of US$3.7, US$1.9, US$1.2, and US$8.7 billion, respectively. Commercial and recreational fisheries would likely suffer the most losses, with a respective estimated US$1.6 and US$1.9 billion of total revenue losses, US$0.8 and US$1.1 billion in total profit losses, and US$4.9 and US$3.5 billion of total economic losses.

The Tragedy of Lebanon

1984 ◽  
Vol 1 (1) ◽  
pp. 27-52
Author(s):  
Mahmud A. Faksh
Keyword(s):  
Civil War ◽  
Status Quo ◽  
World War ◽  
Land Area ◽  
Henry Kissinger ◽  
The North ◽  
Northern Cyprus ◽  
The Us ◽  
The Status ◽  
New States

I.Since the end of World War 11, approximately eighty new states havebeen established. Only two, Pakistan and Cyprus, have undergone theagony of dismemberment when Bangladesh broke off in 1973 and theTurkish Republic of Northern Cyprus was declared in 1983. The worldmay now be witnessing the possible breakup of yet a third state:Lebanon, whose disintegration has been accelerated since the June 1982Israeli invasion.Shortly after the invasion began, Henry Kissinger assessed itsconsequence for Lebanon’s future, concluding, “It is neither desirablenor possible to return to the status quo ante in Lebanon.” One possibleoutcome was that some Syrian and Israeli forces would remain in thenorthern and southern ends, respectively, and the central government’sauthority would ostensibly cover the rest of the country. Implicit in theKissinger diagnosis is the possibility of eventual partition.Though the gloomy assessment by the “wizard” of US. foreign policyshould by no means be construed as a portent of an official shift awayfrom the publicly stated US. support of “Lebanon’s sovereignty andterritorial integrity,” a shadow was cast on the country’s prospects.Subsequent developments have seemed to indicate that Lebanon’sdemise looms larger than at any time since the beginning of the civil warin 1975-76.For over a year and a half national fragmentation has proceededinexorably. What many people once could imagine only with difficulty,they now acknowledge: in reality, Lebanon is facing possible death. TheSouth (35 percent of the land area) is occupied by Israel; the North andthe Biqa’ (45 percent) are controlled by Syria; Kasrawan (15 percent) iscontrolled by the Christian Maronite forces (the Lebanese Front forces),which are not subject to the government’s authority. The rest of thecountry-beleaguered Beirut and environs-was until the February1984 breakdown under the government’s shaky control supported bysymbolic US., French, Italian, and British units. The Multi-NationalForce (MNF) was subject to increasing attacks by Muslim leftist factions,as witnessed in the October 23 bombing of the quarters of U.S.Marines and French troops. Thus, instead of keeping peace, the MNFbecame ,a partisan force trying to protect itself. The US. and Frenchforces in particular seemed to have outlived their usefulness as“peacekeepers.” Recurrent fighting in southern Beirut and in theadjacent Chouf mountains, that pitted Christian Maronites and armyunits against Shi‘ite and Druse Muslims constantly threatened theexistence of President Amin Gemayel’s government and consequently arenewal of the civil war. This situation culminated in February 1984 inthe resignation of the Shafiq al-Wazzan’s cabinet, the loss ofgovernment’s control of West Beirut to Muslim-leftist militias, and theimminent collapse of Amin Gemayel’s presidency ...

The Backlash Against Neoliberal Globalization from Above: Elite Origins of the Crisis of the New Constitutionalism

2021 ◽  
pp. 026327642199944
Author(s):  
Quinn Slobodian
Keyword(s):  
Free Trade ◽  
Steel Industry ◽  
Status Quo ◽  
Current Crisis ◽  
Neoliberal Globalization ◽  
Corporate Elite ◽  
The Us ◽  
The Status ◽  
Trade War ◽  
Multilateral Treaty

This article recounts the backlash against the neoliberal constitutionalism that locked in free trade and capital rights through the multilateral treaty organizations of the 1990s. It argues that we can find important forces in the disruption of the status quo among the elite losers of the 1990s settlement. Undercut by competition from China, the US steel industry, in particular, became a vocal opponent of unconditional free trade and a red thread linking all of Trump’s primary advisers on matters of trade. Steel lobbyists themselves helped frame a critique of actually existing neoliberal globalism, which Trump both adopted and acted on as part of his trade war. By searching for the contemporary attack on neoliberal constitutionalism among the disgruntled corporate elite, we find that our current crisis must be framed as a backlash from above as well as one from below.

Regulating Proxy Advisors Through Transparency: Pros and Cons of the EU Approach

2017 ◽  
Vol 14 (1) ◽  
pp. 1-36 ◽  
Author(s):  
Gaia Balp
Keyword(s):  
Status Quo ◽  
Legislative Process ◽  
European Regulation ◽  
The Us ◽  
The Status ◽  
Pros And Cons ◽  
Proxy Advisors ◽  
Legal Constraints ◽  
The Eu

This article outlines potential pros and cons of a future European regulation of proxy advisory firms, as set forth in the Commission’s Proposal for a Directive amending Directive 2007/36/EC. After summarizing criticisms concerning the proxy advisory industry, and findings regarding its de facto influence on investors’ voting conduct both in the US and in the European context, the article adverts to why the power of proxy advisors appears to be overestimated. Uncertainty on the status quo of the industry’s actual impact on key decisions in listed companies, as well as costs associated with a regulation, need to be considered for assessing the suitability of the rules drafted to ensure adequate levels of independence and quality of voting recommendations. While transparency rules may be preferred to stricter legal constraints or requirements in a first stage, possible shortcomings of the Draft Directive exist that may undermine its effectiveness. Analyzing the amendments to the Proposal adopted by the European Parliament, and the Council’s Presidency compromise text, may suggest a preferable approach as regards single rules still making their way through the European legislative process.

Linkage between Economic Value Added and Market Value: An Analysis

2000 ◽  
Vol 25 (3) ◽  
pp. 23-36 ◽  
Author(s):  
Ashok Banerjee
Keyword(s):  
New York ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Shareholder Wealth ◽  
Indian Context ◽  
The Us ◽  
Generating Capacity ◽  
The Cost ◽  
Future Growth

Maximizing shareholder value has become the new corporate paradigm. Corporations in the US have started disclosing EVA information from the beginning of 90s as a measure of corporate performance. It is believed that market value of a firm (hence shareholder wealth) would increase with the increase in EVA. Various studies done in the US also confirm this belief. EVA (a term coined and registered by Stern Stewart & Co. New York) is a residual income that subtracts the cost of capital from the operating profits generated by a business. The present study makes an at tempt to find the relevance of Stewart's claim that market value of the firm is largely driven by its EVA generating capacity in the Indian context. Based on a sample of 200 firms over a period of five years, the study shows that market value of a firm can be well predicted by estimated future EVA streams. The study has also found that market value of most of the firms in the sample is explained more by current operational value than future growth value of firms.

Sign in / Sign up

Export Citation Format

Share Document