ABSTRACT
In his analysis of the effect of number of players in a non-cooperative fisheries game, Hannesson shows that as the number of players increases, it is increasingly likely for the fish stock to be depleted to extinction from a game theoretic perspective. Sutinen and Andersen develop and use a static bioeconomic model of fisheries law enforcement to derive the economic, biological and fishery management policy consequences of a royalty to recover the costs of enforcement in a fishery. They find that using a royalty has multiple advantages, including a conservation benefit that has not been explicitly noted in studies of cost recovery mechanisms. Caddy presents a paradigm shift in fisheries management away from the conventional Beverton and Holt approach that assumes it is inappropriate to harvest fish before a cohort has matured and spawned at least once.
