Question

raising the real cost of fishing using , does not reach efficient outcome since the net benefit is not maximized. on the other hand, is/are more efficient for increasing the cost of fishing, because rather than to be dissipated, the net benefit is captured by the government.

Answer 1

Efficient management of fishing resources involves strategies like creating marine protected areas and providing dedicated access privileges rather than using subsidies, which can lead to overcapitalization and depletion of stocks without maximizing benefits.

Step-by-step explanation:

Raising the real cost of fishing using methods such as government subsidies does not necessarily reach an efficient outcome, as it can lead to the creation of overcapitalized fishing fleets that deplete fish stocks and cause environmental harm without maximizing the net benefit. Instead, other methods, like the creation of marine protected areas, dedicated access privileges for small-scale fisher communities, and the abolition of capacity-enhancing subsidies, are more efficient. These strategies reduce the race for fish and help in conserving marine biodiversity while optimizing economic benefits.

By adjusting fishing efforts and creating economic incentives like privatizing certain fishing rights, governments can better manage marine resources. This aligns with the sustainability goals of maintaining fish populations at healthy levels. It also allows for the capture of the net benefit by the government or by the communities that hold the fishing rights, rather than dissipating the benefits through overfishing and economic inefficiency.