Economic Incentives for Sustainable Fishing
Expert-defined terms from the Professional Certificate in Fish Stock Assessment Economics course at London School of Business and Administration. Free to read, free to share, paired with a professional course.
Abyssal Zone refers to the deepest part of the ocean, where the pressure … #
Abyssal Zone refers to the deepest part of the ocean, where the pressure is extreme and the light is scarce, affecting the type of fish that can survive in this zone, such as anglerfish and viperfish, and the economic incentives for fishing in this zone are often low due to the high cost of fishing gear and the low demand for deep-sea fish.
Additionality is a concept in which the economic incentives for sustainable fish… #
Additionality is a concept in which the economic incentives for sustainable fishing are provided only if the fishing practices are additional to what would have been done anyway, and this concept is often used in the context of carbon credits and other environmental incentives, and it can be applied to fishing by providing incentives for fishermen to use sustainable fishing gear or to fish in areas that are not overfished.
Aquaculture refers to the practice of farming fish and other aquatic</… #
Aquaculture refers to the practice of farming fish and other aquatic organisms, such as shellfish and algae, and the economic incentives for aquaculture are often high due to the high demand for farmed fish and the low cost of production, and the use of recirculating aquaculture systems can reduce the environmental impact of aquaculture.
Artisanal Fishing is a type of small #
scale fishing that is often done using traditional methods and gear, such as longlines and nets, and the economic incentives for artisanal fishing are often low due to the low volume of fish caught and the high cost of fishing gear, and the use of subsidies can help to support artisanal fishermen.
Benthic Zone refers to the area of the ocean floor where the sediment and… #
Benthic Zone refers to the area of the ocean floor where the sediment and rock are found, and the economic incentives for fishing in the benthic zone are often high due to the high value of the fish and invertebrates found in this zone, such as lobsters and crabs.
Bioeconomic Model is a type of model that is used to analyze the economic… #
Bioeconomic Model is a type of model that is used to analyze the economic and biological aspects of fishing, such as the impact of fishing on fish populations and the economy, and the use of bioeconomic models can help to identify the most effective economic incentives for sustainable fishing.
Bycatch refers to the catching of non #
target species, such as dolphins and sea turtles, and the economic incentives for reducing bycatch are often high due to the high value of the target species and the low value of the non-target species, and the use of bycatch reduction devices can help to reduce the amount of bycatch.
Catch Per Unit Effort (CPUE) is a measure of the amount of fish caught pe… #
Catch Per Unit Effort (CPUE) is a measure of the amount of fish caught per unit of effort, such as per hour of fishing or per kilometer of fishing gear, and the economic incentives for fishing are often based on the CPUE, with higher CPUE values resulting in higher economic incentives.
Certification is a process in which a third #
party organization verifies that a fishery or fishing product meets certain standards, such as sustainability or environmental impact, and the economic incentives for certification are often high due to the high value of certified fish and the low value of non-certified fish.
Co #
management refers to the process of managing a fishery or fishing area through a collaborative effort between stakeholders, such as fishermen, scientists, and policymakers, and the economic incentives for co-management are often high due to the high value of the fish and the low cost of management.
Conservation is the practice of protecting and preserving the natu… #
Conservation is the practice of protecting and preserving the natural environment, such as fish populations and habitats, and the economic incentives for conservation are often high due to the high value of the environment and the low cost of conservation.
Controlled Access is a type of management system in which access to a fis… #
Controlled Access is a type of management system in which access to a fishery or fishing area is controlled through permits or licenses, and the economic incentives for controlled access are often high due to the high value of the fish and the low cost of management.
Cost #
Benefit Analysis is a type of analysis that is used to evaluate the costs and benefits of a particular action or decision, such as the implementation of a new fishing regulation or the use of a new type of fishing gear, and the use of cost-benefit analysis can help to identify the most effective economic incentives for sustainable fishing.
Crash Fishery is a type of fishery that is characterized by a rapid incre… #
Crash Fishery is a type of fishery that is characterized by a rapid increase in fishing effort and a subsequent decline in fish populations, and the economic incentives for crash fisheries are often low due to the high cost of fishing and the low value of the fish.
Demersal Fish are a type of fish that live near the bottom of the… #
Demersal Fish are a type of fish that live near the bottom of the ocean, such as cod and halibut, and the economic incentives for demersal fishing are often high due to the high value of the fish and the low cost of fishing.
Economic Incentives refer to the rewards or penalties that are use… #
Economic Incentives refer to the rewards or penalties that are used to encourage or discourage certain behaviors or actions, such as sustainable fishing practices or the use of environmentally friendly fishing gear, and the use of economic incentives can help to promote sustainable fishing and reduce the environmental impact of fishing.
Ecosystem #
Based Management is a type of management system that considers the entire ecosystem, including the fish, the habitat, and the other species that interact with the fish, and the economic incentives for ecosystem-based management are often high due to the high value of the ecosystem and the low cost of management.
Effort Control is a type of management system in which the amount of e… #
Effort Control is a type of management system in which the amount of effort used in a fishery is controlled, such as through limits on the number of fishing days or the amount of gear used, and the economic incentives for effort control are often high due to the high value of the fish and the low cost of management.
Environmental Impact Assessment is a type of analysis that is used to eva… #
Environmental Impact Assessment is a type of analysis that is used to evaluate the environmental impact of a particular action or decision, such as the implementation of a new fishing regulation or the use of a new type of fishing gear, and the use of environmental impact assessments can help to identify the most effective economic incentives for sustainable fishing.
Exclusive Economic Zone (EEZ) refers to the area of the ocean that is under the… #
Exclusive Economic Zone (EEZ) refers to the area of the ocean that is under the jurisdiction of a particular country, and the economic incentives for fishing in the EEZ are often high due to the high value of the fish and the low cost of management.
Fisheries Management refers to the process of managing a fishery or fishi… #
Fisheries Management refers to the process of managing a fishery or fishing area, including the use of regulations, permits, and other tools to control the amount of fishing and the type of gear used, and the economic incentives for fisheries management are often high due to the high value of the fish and the low cost of management.
Fishery refers to the industry or activity of catching fish … #
Fishery refers to the industry or activity of catching fish or other aquatic organisms, and the economic incentives for fishing are often high due to the high demand for fish and the low cost of production.
Fishing Capacity refers to the ability of a fishery or fishing vessel<… #
Fishing Capacity refers to the ability of a fishery or fishing vessel to catch fish, and the economic incentives for fishing capacity are often high due to the high value of the fish and the low cost of fishing.
Fishing Effort refers to the amount of time or resources used to c… #
Fishing Effort refers to the amount of time or resources used to catch fish, and the economic incentives for fishing effort are often high due to the high value of the fish and the low cost of fishing.
Fishing Gear refers to the equipment or tools used to catch fis… #
Fishing Gear refers to the equipment or tools used to catch fish, such as nets, lines, and hooks, and the economic incentives for fishing gear are often high due to the high value of the fish and the low cost of gear.
Fishing Quota refers to the limit on the amount of fish that can b… #
Fishing Quota refers to the limit on the amount of fish that can be caught by a particular fisherman or vessel, and the economic incentives for fishing quotas are often high due to the high value of the fish and the low cost of management.
Food Security refers to the availability of food to meet the ne… #
Food Security refers to the availability of food to meet the needs of a particular population, and the economic incentives for food security are often high due to the high value of food and the low cost of production.
Game Theory is a type of analysis that is used to study the strategic<… #
Game Theory is a type of analysis that is used to study the strategic interaction between players in a particular situation, such as a fishery or a market, and the use of game theory can help to identify the most effective economic incentives for sustainable fishing.
Gear Restriction is a type of regulation that limits the type of gear<… #
Gear Restriction is a type of regulation that limits the type of gear that can be used in a fishery, and the economic incentives for gear restriction are often high due to the high value of the fish and the low cost of management.
Green Tax is a type of tax that is used to internalize the envi… #
Green Tax is a type of tax that is used to internalize the environmental costs of a particular activity, such as fishing, and the economic incentives for green taxes are often high due to the high value of the environment and the low cost of taxation.
Individual Transferable Quota (ITQ) is a type of management system in whi… #
Individual Transferable Quota (ITQ) is a type of management system in which quotas are assigned to individual fishermen or vessels, and the economic incentives for ITQs are often high due to the high value of the fish and the low cost of management.
Input Control is a type of management system in which the inputs u… #
Input Control is a type of management system in which the inputs used in a fishery, such as fuel or gear, are controlled, and the economic incentives for input control are often high due to the high value of the fish and the low cost of management.
Integrated Coastal Management is a type of management system that conside… #
Integrated Coastal Management is a type of management system that considers the entire coastal ecosystem, including the fish, the habitat, and the other species that interact with the fish, and the economic incentives for integrated coastal management are often high due to the high value of the ecosystem and the low cost of management.
International Fisheries Management refers to the process of managing fish… #
International Fisheries Management refers to the process of managing fisheries that are shared by multiple countries, and the economic incentives for international fisheries management are often high due to the high value of the fish and the low cost of management.
Irrational Behavior refers to the behavior of individuals or gr… #
Irrational Behavior refers to the behavior of individuals or groups that is not rational or optimal, and the economic incentives for irrational behavior are often low due to the high cost of irrational behavior and the low value of the outcomes.
Joint Management is a type of management system in which multiple stak… #
Joint Management is a type of management system in which multiple stakeholders work together to manage a fishery or fishing area, and the economic incentives for joint management are often high due to the high value of the fish and the low cost of management.
License is a type of permit that is required to fish in a particul… #
License is a type of permit that is required to fish in a particular area or fishery, and the economic incentives for licenses are often high due to the high value of the fish and the low cost of management.
Limited Entry is a type of management system in which the number of fi… #
Limited Entry is a type of management system in which the number of fishermen or vessels that are allowed to fish in a particular area or fishery is limited, and the economic incentives for limited entry are often high due to the high value of the fish and the low cost of management.
Marine Protected Area (MPA) is a type of area that is protected fr… #
Marine Protected Area (MPA) is a type of area that is protected from human activities, such as fishing, and the economic incentives for MPAs are often high due to the high value of the environment and the low cost of protection.
Maximum Sustainable Yield (MSY) refers to the maximum amount of fish</… #
Maximum Sustainable Yield (MSY) refers to the maximum amount of fish that can be caught from a particular fishery or population without depleting the stock, and the economic incentives for MSY are often high due to the high value of the fish and the low cost of management.
Monitoring, Control, and Surveillance (MCS) refers to the process of m… #
Monitoring, Control, and Surveillance (MCS) refers to the process of monitoring fishing activities, controlling fishing effort, and surveilling fishing vessels, and the economic incentives for MCS are often high due to the high value of the fish and the low cost of management.
Multi #
Criteria Analysis is a type of analysis that is used to evaluate multiple criteria or objectives, such as the economic, social, and environmental impacts of a particular decision or action, and the use of multi-criteria analysis can help to identify the most effective economic incentives for sustainable fishing.
Non #
Target Species refers to the species that are not targeted by fishermen, but are caught anyway, and the economic incentives for reducing the catch of non-target species are often high due to the high value of the target species and the low value of the non-target species.
Open Access refers to a type of management system in which anyone can … #
Open Access refers to a type of management system in which anyone can fish in a particular area or fishery, and the economic incentives for open access are often low due to the high cost of fishing and the low value of the fish.
Overfishing refers to the act of catching too many fish , and the e… #
Overfishing refers to the act of catching too many fish, and the economic incentives for reducing overfishing are often high due to the high value of the fish and the low cost of management.
Overcapacity refers to the situation in which there are too many fishi… #
Overcapacity refers to the situation in which there are too many fishing vessels or gear in a particular fishery or area, and the economic incentives for reducing overcapacity are often high due to the high value of the fish and the low cost of management.
Payment for Ecosystem Services (PES) is a type of program in which ind… #
Payment for Ecosystem Services (PES) is a type of program in which individuals or groups are paid to provide ecosystem services, such as habitat restoration or conservation, and the economic incentives for PES are often high due to the high value of the ecosystem services and the low cost of provision.
Permit is a type of document that is required to fish in a particu… #
Permit is a type of document that is required to fish in a particular area or fishery, and the economic incentives for permits are often high due to the high value of the fish and the low cost of management.
Polluter Pays Principle is a type of principle that states that the po… #
Polluter Pays Principle is a type of principle that states that the polluter should pay for the environmental damage that they cause, and the economic incentives for the polluter pays principle are often high due to the high value of the environment and the low cost of pollution control.
Precautionary Approach is a type of approach that is used to manage</i… #
Precautionary Approach is a type of approach that is used to manage fisheries or ecosystems in a precautionary way, such as by setting conservative catch limits or closing areas to fishing, and the economic incentives for the precautionary approach are often high due to the high value of the fish and the low cost of management.
Property Rights refer to the rights that individuals or groups<… #
Property Rights refer to the rights that individuals or groups have to use or manage a particular resource or area, and the economic incentives for property rights are often high due to the high value of the resource and the low cost of management.
Quota refers to the limit on the amount of fish that can be caught… #
Quota refers to the limit on the amount of fish that can be caught by a particular fisherman or vessel, and the economic incentives for quotas are often high due to the high value of the fish and the low cost of management.
Recirculating Aquaculture System (RAS) is a type of system that is used t… #
Recirculating Aquaculture System (RAS) is a type of system that is used to farm fish or other aquatic organisms, and the economic incentives for RAS are often high due to the high value of the fish and the low cost of production.
Recreational Fishing refers to the activity of fishing for recreation<… #
Recreational Fishing refers to the activity of fishing for recreation or leisure, and the economic incentives for recreational fishing are often high due to the high value of the experience and the low cost of fishing.
Redd is a type of nest that is built by fish or other aquatic</… #
Redd is a type of nest that is built by fish or other aquatic organisms, and the economic incentives for protecting redd are often high due to the high value of the fish and the low cost of protection.
Regional Fisheries Management Council (RFMC) is a type of council that is… #
Regional Fisheries Management Council (RFMC) is a type of council that is responsible for managing fisheries in a particular region or area, and the economic incentives for RFMCs are often high due to the high value of the fish and the low cost of management.
Renewable Resource refers to a type of resource that can be renewed</i… #
Renewable Resource refers to a type of resource that can be renewed or replenished over time, such as fish or other aquatic organisms, and the economic incentives for renewable resources are often high due to the high value of the resource and the low cost of management.
Rent refers to the profit that is earned by fishermen or vessel… #
Rent refers to the profit that is earned by fishermen or vessels from fishing, and the economic incentives for rent are often high due to the high value of the fish and the low cost of fishing.
Revenue refers to the income that is earned by fishermen or ves… #
Revenue refers to the income that is earned by fishermen or vessels from fishing, and the economic incentives for revenue are often high due to the high value of the fish and the low cost of fishing.
Risk Analysis is a type of analysis that is used to evaluate the <… #
Risk Analysis is a type of analysis that is used to evaluate the risks associated with a particular decision or action, such as the implementation of a new fishing regulation or the use of a new type of fishing gear, and the use of risk analysis can help to identify the most effective economic incentives for sustainable fishing.
Safeguards refer to the measures that are taken to protect the … #
Safeguards refer to the measures that are taken to protect the environment or conservation values of a particular area or fishery, and the economic incentives for safeguards are often high due to the high value of the environment and the low cost of protection.
Sanction refers to the penalty that is imposed on fishermen or … #
Sanction refers to the penalty that is imposed on fishermen or vessels that do not comply with fishing regulations or laws, and the economic incentives for sanctions are often high due to the high value of the fish and the low cost of enforcement.
Scientific Research refers to the study of the biological and e… #
Scientific Research refers to the study of the biological and ecological aspects of fisheries or ecosystems, and the economic incentives for scientific research are often high due to the high value of the knowledge and the low cost of research.
Seafood refers to the products that are derived from fish or other… #
Seafood refers to the products that are derived from fish or other aquatic organisms, such as fish oil or sea salt, and the economic incentives for seafood are often high due to the high value of the products and the low cost of production.
Shallow Water refers to the area of the ocean that is less than 200 me… #
Shallow Water refers to the area of the ocean that is less than 200 meters deep, and the economic incentives for shallow water fishing are often high due to the high value of the fish and the low cost of fishing.
Social Impact Assessment is a type of analysis that is used to evaluat… #
Social Impact Assessment is a type of analysis that is used to evaluate the social impacts of a particular decision or action, such as the implementation of a new fishing regulation or the use of a new type of fishing gear, and the use of social impact assessments can help to identify the most effective economic incentives for sustainable fishing.
Spatial Management refers to the process of managing fisheries or… #
Spatial Management refers to the process of managing fisheries or ecosystems in a spatial context, such as by closing areas to fishing or establishing marine protected areas, and the economic incentives for spatial management are often high due to the high value of the fish and the low cost of management.
Species refers to a type of organism that is distinct from other <… #
Species refers to a type of organism that is distinct from other organisms, and the economic incentives for species conservation are often high due to the high value of the species and the low cost of conservation.
Stock Assessment refers to the process of evaluating the status… #
Stock Assessment refers to the process of evaluating the status of a particular fish stock or population, and the economic incentives for stock assessment are often high due to the high value of the knowledge and the low cost of assessment.
Subsidy refers to the payment that is made to fishermen or vess… #
Subsidy refers to the payment that is made to fishermen or vessels to support their fishing activities, and the economic incentives for subsidies are often high due to the high value of the fish and the low cost of production.
Sustainable Fishing refers to the practice of fishing in a way that ma… #
Sustainable Fishing refers to the practice of fishing in a way that maintains the health of the fish populations and the ecosystem, and the economic incentives for sustainable fishing are often high due to the high value of the fish and the low cost of management.
Tax refers to the payment that is made to the government to suppor… #
Tax refers to the payment that is made to the government to support public goods or services, such as fisheries management or conservation efforts, and the economic incentives for taxes are often high due to the high value of the public goods and the low cost of taxation.
Total Allowable Catch (TAC) refers to the limit on the amount of fish<… #
Total Allowable Catch (TAC) refers to the limit on the amount of fish that can be caught from a particular fishery or population, and the economic incentives for TACs are often high due to the high value of the fish and the low cost of management.
Trade refers to the exchange of goods or services between <… #
Trade refers to the exchange of goods or services between countries or groups, and the economic incentives for trade are often high due to the high value of the goods and the low cost of transportation.
Transferable Fishing Concession (TFC) is a type of concession that allows… #
Transferable Fishing Concession (TFC) is a type of concession that allows fishermen or vessels to fish in a particular area or fishery, and the economic incentives for TFCs are often high due to the high value of the fish and the low cost of management.
Uncertainty refers to the state of uncertainty or risk that… #
Uncertainty refers to the state of uncertainty or risk that is associated with a particular decision or action, such as the implementation of a new fishing regulation or the use of a new type of fishing gear, and the economic incentives for uncertainty are often high due to the high value of the knowledge and the low cost of research.
Vessel Day Scheme (VDS) is a type of scheme that is used to manage … #
Vessel Day Scheme (VDS) is a type of scheme that is used to manage fisheries by limiting the number of vessel days, and the economic incentives for VDSs are often high due to the high value of the fish and the low cost of management.
Voluntary Agreement is a type of agreement that is made between fisher… #
Voluntary Agreement is a type of agreement that is made between fishermen or vessels to manage a fishery or fishing area, and the economic incentives for voluntary agreements are often high due to the high value of the fish and the low cost of management.
Water Quality refers to the condition of the water in a particular… #
Water Quality refers to the condition of the water in a particular area or fishery, and the economic incentives for water quality are often high due to the high value of the water and the low cost of protection.
Zoning refers to the process of dividing a particular area … #
Zoning refers to the process of dividing a particular area or fishery into different zones or areas, and the economic incentives for zoning are often high due to the high value of the fish and the low cost of management.