An Evaluation of Fisheries Policies Available to Australia for the Management of Southern Blue Fin Tuna Fishery
Sathiendrakumar, R. (2007) An Evaluation of Fisheries Policies Available to Australia for the Management of Southern Blue Fin Tuna Fishery. Applied Economics and Policy Analysis, 1 (1). pp. 89-98.
In the absence of proper management, fishery resource tends to be exploited as a common property resource with a tendency towards over-exploitation. In the absence of appropriate property rights, the exploitation of a common property such as the fisheries may lead to over exploitation (and possible extinction of a species but not with migratory species such as the southern blue fin tuna) and externalities both contemporaneous and inter-generational. The paper aims to identify the various economic policy instruments that may be available and then uses a ‘cubic’ model to select the best model suitable for the blue fin tuna fishery. Price control is selected as the appropriate policy instrument, even though individual transferable catch quota is also a possibility. Price control is based on levying a tax on catches and is oriented towards economic efficiency.
|Publication Type:||Journal Article|
|Murdoch Affiliation:||Murdoch Business School|
|Notes:||Journal later known as International Journal of Business Policy and Economics|
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