Many of the world's fisheries face major challenges including overfishing, overcapacity and low returns. Using recent developments in microeconomic theory with numerous case studies and examples, this book shows how to measure efficiency, productivity, profitability, capacity of fishing fleets and how to improve fisheries management.

R. Quentin Grafton is Professor at the Asia Pacific School of Economics and Government, The Australian National University, Australia. James Kirkley is Professor of Marine Science in the Department of Fisheries Science, Virginia Institute of Marine Sciences, USA. Tom Kompas is Senior Lecturer and ARC Research Associate at the Asia Pacific School of Economics and Government, The Australian National University, Australia. Dale Squires is an Industry Economist at the National Marine Fisheries Service, USA, and is also Adjunct Professor at University of California, San Diego, USAUSA.

Contents: The economics of fishing and fisheries economics; Data for economic analysis of commercial fisheries; Measurement and analysis of efficiency in fisheries; Understanding and measuring capacity in fisheries; Measuring productivity and decomposing profits in fisheries; Economics for fisheries management; Glossary; Index.