The private fishery - and reality


In discussing property rights, efficiency and fisheries management economic literature often refers to a hypothetical single owner, comparing it to fisheries with more fragmented ownership. Through a range of effort reductions, since the near collapse of the fishery in the early 1980s, the Exmouth Gulf Prawn fishery in Western Australia has emerged with a single owner. The fishery's economic, social and environmental performance was recently rated by a panel of experts at 9.8 out of 10. In the presentation the history and context in which a single operator emerged is outlined. Practical constraints and issues for a single owner are discussed in the context of the history of the fishery, corporate strategy, legislative restrictions and market structure. Comparison is also made with other prawn fisheries in Australia which have a more diverse ownership base.


Further information about this conference may be accessed here

The Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics and Trade : economics of fish resources and aquatic ecosystems: balancing uses, balancing costs may be accessed from the National Library of Australia here

The Author:

Professor George Kailis