Achieving fishery MEY may result in a reduction in net economic returns in a broader sense if the loss to consumers exceeds the gain to the industry. Such a loss may occur if supplies to the local market are reduced and prices paid by consumers increase. This results in a transfer of benefits from...

Governments intervene to manage the exploitation and conservation of aquatic resources for the benefit of current and future generations. Such management involves balancing an array of complex and sometimes conflicting public policy objectives – canvassing contentious issues such as...