Fisheries Management in Asia

Authored by: Keisaku Higashida

The Routledge Handbook of Environmental Economics in Asia

Print publication date:  March  2015
Online publication date:  February  2015

Print ISBN: 9780415656450
eBook ISBN: 9781315746289
Adobe ISBN: 9781317597872

10.4324/9781315746289.ch12

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Abstract

Fisheries are renewable resources. If fishers avoid excess harvesting, such resources can be used sustainably. However, when fish stocks are open access resources lacking proper management schemes, it is generally difficult to avoid excess investment and a “race to fish.” As noted by Hardin (1968), the race to fish results in overexploitation, which may be both biological and economic. In the worst case, a certain fish species may become extinct or at least so depleted that it becomes too costly for fishers to harvest.

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