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Managing Marine Capture Fisheries with Incentive Based Price Instruments

Author: JAMES N. SANCHIRICO
Published in PFM, Vol. 3 No. 1

Marine capture fisheries provide important, high-quality
sources of protein, income and trade throughout the world. The future
availability of these resources, however, is not assured, as economic
and biological overfishing plagues many of the world’s fisheries. In
this paper, we review the use of incentive-based price instruments,
such as landings and vessel taxes, to address the current crisis. We
also investigate the use of price instruments as indirect means to
ensure sustainability of marine mammal populations, and to optimally
manage spatially distinct but connected populations.

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