A bioeconomic analysis of the Gulf of Papua prawn fishery

Vonole, Robert. (1997). A bioeconomic analysis of the Gulf of Papua prawn fishery Honours Thesis, School of Economics, The University of Queensland.

       
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Author Vonole, Robert.
Thesis Title A bioeconomic analysis of the Gulf of Papua prawn fishery
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1997
Thesis type Honours Thesis
Total pages 98
Language eng
Subjects 14 Economics
Formatted abstract The Gulf of Papua prawn fishery is currently a major domestic revenue-earning fishery in Papua New Guinea. However, Papua New Guinea may not be earning the full economic benefits from the commercial harvesting of prawn resource stocks in the fishery. The bioeconomic analysis of the fishery shows that prawn export prices tend to understate the value received on the catch and therefore understate resource rent and effort in the fishery. At current level of effort the monthly rent generated by the fishery is -US$132, 119 and if operating costs are considered the monthly loss is US$51,445. The fishery is overcapitalised. Estimates of monthly rent from generated by the fishery under various assumptions about the price multiple shows a price multiple of 1.4 is sufficient to make the fishery marginally profitable at current level of effort.

 
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