The Economics of Marine Resources and Conservation Policy The Pacific Halibut Case Study with Commentary

Abstract

PART I of this two-part volume is a reprint of Crutchfield and Zellner's pioneering work on the economic theory of regulation in marine resources (with special reference to the Pacific Halibut fishery), first published in 1962 by the U.S. Department of the Interior. The original publication quickly went out of print and, although some individual analyses from the study were published in academic journals, the volume in its entirety was not reprinted, and thus has been unavailable to most people. The reprint of the original study is followed in Part 2 with a commentary, where leading contemporary resource and environmental economists comment on the original study's relation to general developments in the field since. Commentaries are made by David Zilberman (University of California, Berkeley), Anthony Scott (University of British Columbia), James E. Wilen (University of California, Davis) and Frances R. Homans (University of Minnesota). The volume concludes with a recent history of the International Pacific Halibut Conservation Program by Donald McCaughran, which includes the current impact of conservation measures and policy recommendations originally made by Crutchfield and Zellner.