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Theory and Practice of Fisheries and Water Economics

Squires , Dale; Grafton, Quentin


This article reviews economic concepts for the management of two related renewable resources, fish stocks and water. The authors discuss scarcity and the economics of optimal use that also addresses external costs and benefits and market failure arising from incomplete or weak property rights, issues in optimal use over time, and growing importance of public benefits. Also discussed are the economic approaches proposed to resolve the scarcity and market failure challenge in water and fisheries...[Show more]

CollectionsANU Research Publications
Date published: 2013
Type: Book chapter
Book Title: Encyclopedia of Energy, Natural Resource, and Environmental Economics
DOI: 10.1016/B978-0-12-375067-9.00163-7


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