International Review of Environmental and Resource Economics > Vol 7 > Issue 1

Recent Developments in Fisheries Economics Research

By Lone Grønbæk Kronbak, Department of Business and Economics, Centre of Fisheries & Aquaculture Management & Economics, University of Southern Denmark | Dale Squires, NOAA Fisheries, Southwest Fisheries Science Center, USA | Niels Vestergaard, Department of Environmental and Business Economics, Centre of Fisheries & Aquaculture Management & Economics, University of Southern Denmark

Suggested Citation
Lone Grønbæk Kronbak, Dale Squires and Niels Vestergaard (2014), "Recent Developments in Fisheries Economics Research", International Review of Environmental and Resource Economics: Vol. 7: No. 1, pp 67-108.

Publication Date: 17 Apr 2014
© 2014 L. G. Kronbak, D. Squires and N. Vestergaard
Public Economics,  Economic Theory,  Productivity measurement and analysis,  Fisheries,  Principal-Agent,  Technology Management and Strategy,  Public policy,  Regulation,  International relations
FisheriesEcosystemTechnical changeGame theoryMultiple externalitiesBiodiversity


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In this article:
1. Introduction 
2. The "Traditional" Bioeconomic Approach 
3. Microeconomic Foundations of Bioeconomic Models 
4. Regulation of Fisheries 
5. Fisheries and the Marine Environment: Common Resources and Impure Public Goods 
6. Marine Conservation Lessons 
7. International Dimensions 
8. Conclusion 


Fisheries economics stand on the cusp of potentially sizeable changes in orientation and policy focus, leading in turn to comparable changes in modeling and general analysis. Notably, fisheries are increasingly framed as part of the overall marine environment rather than considered as solely or largely a commercial fishing issue. Other changes further challenge this traditional conceptual foundation, including technological change, multiple externalities, asymmetric information, marine planning and strategic interactions among players that are especially pronounced in international settings. This paper contends there is a potential for re-development of fishery economic models related to fishery and marine economics in several directions also related to the economic foundation.