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A Broader View of Living Marine
Resource Policy and the Role of
Economics
Lewis E. Queirolo, Ph.D.
Senior Regional Economist
U.S. NOAA Fisheries Service
Alaska Region
Accounting for Resource
Asset Values Outside of
the Marketplace

Non-market consumptive use
 Non-consumptive use
 Non-use
Issues in Global
Resource Stewardship


The “Principal – Agent” Relationship
– Distant-water fleets exploiting comparative
advantage, market/political/scientific
– Incomplete, asymmetric, proprietary information
Vertical Integration and Market Control
– Loss of Management Autonomy
– Excessive Shares
– Industrial Scaled Fisheries
– Loss of Diversity
Adapting Policy to Climate
Change – Opportunities?



Adaptive Fisheries Policy
– Changing Abundance, Species Composition, and
Distribution
– Capture, Ranching, and Farming
Cooperative Management
– Trans-boundary;
– Straddling;
– Highly Migratory Stocks
Infrastructure
– Sea Level Changes
– Physical Capacity Displacement and Realignment