Abstract
Sustainable exploitation of marine resources requires balancing conflicting interests, and public intervention is necessary for optimal management. Integrated management involves balancing short-term versus long-term interests of the fisheries sector, but also balancing the use values of marine resources versus indirect use values and non-use values (e.g. preservation of marine biodiversity). Bioeconomic models are useful to analyse such tradeoffs. Special attention will be devoted to the perceptions and preferences of actors in the fisheries sector, as their support for regulatory intervention will to a large degree affect the effectiveness and efficiency of policies. The main objective of the proposed research is to develop an integrated model to guide policy making with respect to marine resources. This involves balancing the various interests while considering transaction and implementation costs of regulatory intervention. We will also consider the degree to which regulatory stringency in the E.U. affects overharvesting in extra-territorial waters (through spatial re-allocation of fishing effort), such as off the coast of Africa
Netherlands