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AbstractMarine fisheries in the Asia and the Pacific region play an important role in global, regional and national economies. Many of the fisheries in the region are over‐exploited, both biologically and economically. We focus on the use of appropriate fishery targets, and the importance of tying those targets to management objectives to overcome the usual and unwanted negative externalities that occur in ocean fisheries, the ones that result in substantial over‐fishing. Of particular importance is the use of a maximum economic yield target for both short‐ and long‐lived species. Maximum economic yield, when combined with appropriately designed marine protected areas, or marine reserves, not only provides maximum profitability and generally larger and more 'conservationist' stocks of fish, but it also ensures a measure of resilience from stochastic shocks that may negatively impact the fishery. It remains the preferred target for most fisheries in the Asia and Pacific region.

The Master Plan through 2020 and vision to 2030 (here called the Master Plan) on Vietnam's fisheries and aquaculture development aims to ensure this sector will be leading commodity producer by focusing on high value-added growth and sustainable development. Although, in the past Vietnam has achieved high growth rates in seafood exports, problems with the policy making process and implementing the Master Plan's road map are major obstacles to achieving the sustainability targets. By pointing out the main impacts of seafood exports on Vietnam's environment, economics and society and comparing the current situation with the fundamentals of sustainable development, the authors assess the efficiency and effectiveness of the Vietnam Master Plan, as well as its sustainability. Furthermore, the paper urges Vietnamese seafood exporters to acknowledge the importance of sustainable development when adapting to the international sea legislation and developing technical standards. This is intended to answer a big question of Vietnam's fisheries and aquaculture sectors: How to ensure an adequate focus on sustainable development while promoting increased exports and international competitiveness in the context of globalization and FTAs? Some key findings of the research include: 1. A big gap exists between the sustainability goal of Vietnam's Master Plan and the current situation regarding the environment, economics and society as it relates to Vietnam's fishery exports. 2. Sustainable development requires Vietnam's policy makers to adopt detailed roadmaps for implementation and 3. Lack of active participation by the industry in policy development and marine infrastructure development strategy for seafood exports and supply chains in aquaculture is impeding productivity increases and the international competitiveness of the Vietnam's fishery exports. ; Peer reviewed

Chapter 1. Bridging the Ggap. Experiments in the Heart of the Transition Zone (Mackinson and Holm) -- Chapter 2. Knowledge for Fisheries Governance. Participation, Integration and Institutional Reform (Linke et al) -- Chapter 3. Fishermen and Scientists in the Same Boat. A Story of Collaboration in the UK South Devon Crab Fishery (Pearson, et al.) -- Chapter 4. Getting Choosy About Whitefish in Lake Vättern. Using Participatory Approaches to Improve Fisheries Selectivity (Sandström, et al.) -- Chapter 5. Understanding Fishermen-Scientist Collaboration in Galician Small-Scale Fisheries (NW Spain). Validating a Methodological Toolbox Through a Process-Oriented Approach (Vidal, et al.) -- Chapter 6. Information is the Jam of the Western Baltic Herring Sandwich. Bridging Gaps Between Policy, Stakeholders and Science (Clausen, et al.) -- Chapter 7. Aiming for By-Catch. Collaborative Monitoring of Rare and Migratory Species in the Wadden Sea (Wätjen and Ramírez-Monsalve) -- Chapter 8. The Italian Job. Navigating the (Im)perfect Storm of Participatory Fisheries Research in the Northern Adriatic Sea (Raicevich, et al.) -- Chapter 9. Trapped in the TAC Machine. Making a Fisheries Based Indicator System for Coastal Cod in Steigen, Norway (Holm, et al.) -- Chapter 10. When Fishermen Take Charge. The Development of a Management Plan for the Red Shrimp Fishery in Mediterranean Spain (Bjørkan, et al.) -- Chapter 11. Does Slow-Burn Collaboration Deliver Results? Towards Collaborative Development Multiannual Multispecies Management Plans in North Sea Mixed Demersal Fisheries (Mackinson, et al.) -- Chapter 12. Action Research in Tropical Tuna Purse Seine Fisheries. Thoughts and Perspectives (Airaud, et al.) -- Chapter 13. From Planning for Society to Planning with Society. Integration of Coastal Fisheries into the Maritime Spatial Planning (Aps, et al.) -- Chapter 14. Implementing the Landing Obligation. An Analysis of the Gap Between Fishers and Policy Makers in the Netherlands (Kraan and Verweij) -- Chapter 15. Taking the Initiative on Maltese Trawl Industry Management. Industry and Science Collaboration on Identifying Nursery and Spawning Areas for Trawl Fisheries Target Species (Martin) -- Chapter 16. People, Sharks and Science. What can it take for Industry-led Research to make a Difference to the Management of Elasmobranchs of Conservation Concern in UK waters? (Hetherington and Bendall) -- Chapter 17. Bridging Gaps, Reforming Fisheries (Holm, et al.) -- Chapter 18. Conclusion (Mackinson, et al.). .

AbstractWe apply the target revenue model, a version of prospect theory, to investigate how fishermen adjust their trip length to changes in daily revenue. The key finding is that certain groups of fishermen seem more likely to behave according to the target revenue model rather than to the standard model of labor supply. We also find that vessel capacity has little effect on whether the captains seek target revenue. The study strongly supports the integration of prospect theory into the framework of labor supply analysis.

The serious overfishing of most Mediterranean stocks demands urgent reforms of the management measures aiming to guarantee the sustainability of resources, notably when compared with the improvement observed in other European areas. The new EU Common Fisheries Policy (CFP) constitutes an excellent opportunity to introduce the changes needed for such a reform. According to this CFP, all European fish stocks should be brought to a state where they can produce at MSY by 2020 at the latest. The CFP also establishes that the objective of sustainable exploitation should be achieved through multiannual plans (MAPs) adopted in consultation with relevant stakeholders having fisheries management interests such as fishermen, non-governmental organizations, and policy makers. Together with the MSY and MAP approaches, the new CFP contains several other measures, directed to guarantee the ecological and socio-economic sustainability of fisheries by means of the implementation of the ecosystem approach to fisheries management (EAFM). With this new perspective, the CFP wants to avoid past failures of fisheries management based on monospecific approaches. This study is a first step toward the application of the EAFM in the Balearic Islands by means of the development of a harvest strategy with defined objectives, targets, limits, and clear management control rules aimed at optimizing socioeconomic and ecological objectives in the framework of the new CFP. Different management scenarios designed to achieve that goal were modeled for the main demersal commercial fisheries from the study area, the bottom trawl, and small-scale fisheries. The work begins with a general description of those fisheries, their main fishing grounds, and assessments of the exploitation status of the main target stocks in order to establish the current situation. Secondly, alternative management scenarios to maximize catch and profits while considering societal objectives were evaluated by means of bio-economic models. Thirdly, management measures were ...

As coastal fisheries around the world have collapsed, industrial fishing has spread seaward and deeper in pursuit of the last economically attractive concentrations of fishable biomass. For a seafood-hungry world depending on the oceans' ecosystem services, it is crucial to know whether deep-sea fisheries can be sustainable. The deep sea is by far the largest but least productive part of the oceans, although in very limited places fish biomass can be very high. Most deep-sea fishes have life histories giving them far less population resilience/productivity than shallow-water fishes, and could be fished sustainably only at very low catch rates if population resilience were the sole consideration. But like old-growth trees and great whales, their biomass makes them tempting targets while their low productivity creates strong economic incentive to liquidate their populations rather than exploiting them sustainably (Clark's Law). Many deep-sea fisheries use bottom trawls, which often have high impacts on nontarget fishes (e.g., sharks) and invertebrates (e.g., corals), and can often proceed only because they receive massive government subsidies. The combination of very low target population productivity, nonselective fishing gear, economics that favor population liquidation and a very weak regulatory regime makes deep-sea fisheries unsustainable with very few exceptions. Rather, deep-sea fisheries more closely resemble mining operations that serially eliminate fishable populations and move on. Instead of mining fish from the least-suitable places on Earth, an ecologically and economically preferable strategy would be rebuilding and sustainably fishing resilient populations in the most suitable places, namely shallower and more productive marine ecosystems that are closer to markets.