Incentives for investment in IUU fishing capacity

Aaron Hatcher

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

Considering investments in IUU fishing as "normal" investment decisions, this paper utilises a simple investment model in order to examine the concern that levels of investment in IUU fishing might be driven by a "spillover" of excess capacity from regulated fisheries. The available evidence suggests that this is rather unlikely. If IUU fishing is relatively profitable, as seems to be the case, most of the investment in IUU capacity will occur whether or not "cheap" capacity is available as a result of the subsidised removal of excess capacity from regulated fisheries. It appears that IUU fishing will only be of marginal profitability if costs are significantly increased or revenues significantly reduced as a result of enforcement efforts to deny vessels access to the fishery and/or to lucrative product markets.
Original languageEnglish
Title of host publicationFish piracy: combatting illegal, unreported and unregulated fishing
EditorsK. Gray, F. Legg, E. Andrews-Chouicha
Place of PublicationParis, France
PublisherOrganisation for Economic Co-operation and Development (OECD)
Pages239-254
Number of pages16
ISBN (Print)9789264016798
Publication statusPublished - 2004

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