Fisheries economists traditionally focus on catch targets and biological outcomes of management with methodological and theoretical grounding in natural resource economics. Seafood economists traditionally focus on seafood demand, market integration, and the seafood trade with methodological and theoretical grounding in agricultural economics. Combining these perspectives yields unique insights about how fishery management choices affect the resulting value of fishery resources and how capture fisheries can compete in increasingly globalized food markets. Using applications from Europe and North America, I show how the form of management affects patterns of capture fisheries exploitation, types of products, and opportunities to generate value.
Read more about Martin Smith.
Martin Smith, George M. Woodwell Distinguished Professor of Environmental Economics, Nicholas School of the Environment, Duke University, USA.