Targets and Fisheries Management in the A sia and P acific Region

Marine fisheries in the A sia and the P acific region play an important role in global, regional and national economies. Many of the fisheries in the region are over‐exploited, both biologically and economically. We focus on the use of appropriate fishery targets, and the importance of tying those targets to management objectives to overcome the usual and unwanted negative externalities that occur in ocean fisheries, the ones that result in substantial over‐fishing. Of particular importance is the use of a maximum economic yield target for both short‐ and long‐lived species. Maximum economic yield, when combined with appropriately designed marine protected areas, or marine reserves, not only provides maximum profitability and generally larger and more ‘conservationist’ stocks of fish, but it also ensures a measure of resilience from stochastic shocks that may negatively impact the fishery. It remains the preferred target for most fisheries in the A sia and P acific region

Bioeconomics · Biology · Business · Economics · Externality · Fisheries management · Fishery · Fishing · Marine fisheries · Marine protected area · Marine reserve · Maximum sustainable yield · Natural resource economics · Pacific ocean · Profitability index · Tying · Yield (engineering · Coral and Marine Ecosystems Studies · Marine and fisheries research · Marine Bivalve and Aquaculture Studies · Ecology · Finance · Oceanography

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