Recent Developments in Fisheries Economics Research

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.