Fisheries and Uncertainty
A Precautionary Approach to Resource Management

Daniel V. Gordon and Gordon R. Munro, editors

About the Book

The recent catastrophe in Atlantic fisheries resource management has important national and international implications that we would ignore at our peril. What lessons can be learned from the disappearance of cod from the Grand Banks of Newfoundland? Can we apply this knowledge to help explain the recent disappearance of millions of salmon off the coast of British Columbia?

While Atlantic Canada is the specific focus of the papers in this book, the problems addressed are global. A fundamental reorientation of the economics of fisheries management is needed in which far greater prominence is given to the role of uncertainty.

The papers in this volume were first presented at the 28th Annual Meeting of the Canadian Economics Association held in June 1994 at The University of Calgary. Economists and applied mathematicians from both academia and government have contributed to this volume.

About the Editors

Daniel V. Gordon is Professor of Economics at the University of Calgary.

Gordon R. Munro is Professor of Economics at the University of British Columbia

Table of Contents

1. Approaches to the Economics of the Management of High Seas Fishery Resources
   Gordon R. Munro
2. What Went Wrong and What Can We Learn from It?
   Noel Roy
3. The Collapse of the Northern Cod Fishery: Predator-Prey and Other Considerations
   Eugene Tsoa
4. Origins of Atlantic Canada's Fisheries Crisis
   William E. Schrank
5. Stock Rebuilding Strategies under Uncertainty: The Case for Sentinel Fisheries
   Dan Lane and Lalldor P. Palsson
6. Uncertainty in Fisheries Management
   Tim Lauck
7. Limited Entry Fishing Programs: Theory and Canadian Practice
   Biane P. Dupont
8. Individual Transferable Quotas and Canada's Atlantic Fisheries
   R. Quentin Grafton
9. Canadian Experience with Individual Fishing Quotas
   Paul Macgillivray

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