Why Fish Piracy Persists

The Economics of Illegal, Unreported and Unregulated Fishing

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Why Fish Piracy Persists: The Economics of Illegal, Unreported and Unregulated Fishing focuses on the economic, environmental and social aspects of fish piracy and identifies the forces that drive this activity. Based on data from a workshop of around 120 experts, as well as analytical documents developed for this study, this book presents the most systematic and consolidated information to date in order to assess measures already in place and to propose new solutions.

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Economics of IUU Fishing Activities

The purpose of this chapter is to develop an analytical framework for understanding the IUU fishing activities. The analytical framework borrows heavily from the economics of crime and punishment. Section 1 clarifies the concepts and terms used; i.e. IUU fishing activities can be conducted by vessels registered in flag States assumed to comply with current international regulations and by vessels registered in flag States not party to RFMOs or to international conventions. Section 2 presents the analytical framework: theory suggests that an individual will commit an offence if and only if the [private] expected benefit from IUU fishing exceeds the expected sanction for doing so. The following section examines variables that influence the fishing profit function. The fourth section provides evidence of the likely consequences of organised IUU fishing operations. Based on this analysis, section 5 proposes measures that can be entertained to combat IUU fishing activities.

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