Examines one of the hypothetical economic policy options for international fisheries management, namely a national transferable quota (NTQ). Special emphasis will be placed on an…
Abstract
Examines one of the hypothetical economic policy options for international fisheries management, namely a national transferable quota (NTQ). Special emphasis will be placed on an examination of the voluntary agreement on the Antarctic whaling quota in 1962, as well as the trend in recent southern bluefin tuna (SBT) fisheries. An examination of the Antarctic whaling agreement, from a standpoint of economic efficiency, indicates that the 1962 agreement resulted in Pareto improvement. The trend in recent SBT fisheries also shows the economic rationalization between Japan, Australia and New Zealand. These events indicate that NTQ as an economic policy option has been unconsciously applied in international management systems in order to achieve mutual and effective agreement among the countries. It is, however, important to consider the possibility of an international monopolistic supply situation if the decision makers decide to implement this option. Discusses the possibility of third‐degree price discrimination in relation to the SBT.
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Outlines the international travels of Clement Allan Tisdell in the period 1965‐1996 and an Australian journey made to Adelaide in 1962 for academic reasons and indicates the…
Abstract
Outlines the international travels of Clement Allan Tisdell in the period 1965‐1996 and an Australian journey made to Adelaide in 1962 for academic reasons and indicates the influence of these journeys on his publications, outlook and intellectual evolution. Emphasises how varied the life of an economist can be and the importance of international social contacts for academic development. Because of the extent of his travels, descriptions and analysis of most of his journeys are brief. Consequently, a longer story still remains untold.