The economics of ocean ranching: experiences, outlook and theory
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The document relates the experiences of ocean ranching in Japan, the USA and Iceland for the period ending in the mid-1990s. It then describes the fundamental externality of ocean ranching and finally discusses methodologies for assessing the costs and benefits of ocean ranching. The author concludes that private stock enhancement ocean ranching for river fishing is likely to continue in Iceland, while stock enhancement is also likely to continue in Japan and the USA as long as the respective g overnments are willing to fund the activity.