Washington Law Review


In this paper, we attempt to narrow the areas of conflict by specifying more precisely the objectives of fishery utilization (and, inferentially, of fisheries management) in the North Pacific, and by analysis of the extent to which the optimal combination of regulatory measures in a theoretical framework must be modified to accommodate the technological, administrative, and political complexities that beset an international fishery. The basic bioeconomic theory of an ocean fishery is modified to show its application to a typical case involving interdependent exploited species and international differences in market prices of both inputs and end products. The analysis is then cast in terms of the specific situation in the North Pacific. Alternative concepts of international regulation are examined from the standpoint of their economic repercussions, and recommendations are formulated for a longrun management program designed to yield continuing economic benefits as well as physical protection of the resources. Attention is centered on the Northeast Pacific, where the four major fishing powers are all actively engaged and in direct competition. The emphasis throughout is on what should be attempted rather than on what can be accomplished under present institutional and legal arrangements.

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